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Annual Gift Tax Exclusion |
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Annual Gift Tax Exclusion The value of the gift(s) an individual or married couple may give in a year without being subject to the gift tax. The amount of the annual gift tax exclusion varies from year to year but is always over $10,000. In general, payments for medical, educational, and political purposes fall under the annual gift tax exclusion no matter how much they are, as do gifts to one's spouse. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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