Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Gift Tax Overview

Tuesday, July 6, 2010 - 7:20 AM
You generally can give a gift valued at up to $13,000 each, to any number of people, and none of the gifts will be taxable. Over that you'll have to worry about the gift tax. There are some exceptions. Jim at Bargaineering has a good basic overview of the gift tax.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
Reply