This is an easy way to reduce your future estate tax bill. You can give up to $12,000 each year free of gift tax to anyone Bergerson Tax Services - Gift Tax Exclusionyou want. If you are married and your spouse concurs, even if the entire amount of the gift comes from your seperate assets. There is also an unlimited break for tuition that donors pay directly to schools. It does not count toward the $12,000. This applies to medical expenses that donors pay for donees.