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Author Topic: Gift Tax  (Read 2915 times)

ragsplace

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Gift Tax
« on: February 18, 2013, 06:18:38 PM »
Can anyone tell me if I can give more that $13,000 to a person in one year? Thank you!
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secondcor521

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Re: Gift Tax
« Reply #1 on: February 18, 2013, 06:23:34 PM »
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clutchy

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Re: Gift Tax
« Reply #2 on: February 20, 2013, 06:04:46 PM »
yes per person per spouse.

So if you are married and your giftee has a spouse you could do $52,000 a year.

OR

you could just use up some of your universal gift tax exclusion and give as much as you want.  You just have to file a gift tax return.

good luck :)
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tomsang

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Re: Gift Tax
« Reply #3 on: February 20, 2013, 07:27:14 PM »
Yes.  I accept cash, checks or other financial instruments.
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FockerCRNA

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Re: Gift Tax
« Reply #4 on: February 22, 2013, 08:26:07 AM »
this may be a more definitive source than wikipedia:
http://www.irs.gov/publications/p950/ar01.html

but basically, $13,000 is what you can give per year without either giver or receiver having to file anything with the irs, more than that requires paperwork 
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