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Money Gift

   Also found in: Wikipedia 0.01 sec.
Money Gift
Cash or a cash equivalent that an individual transfers to another individual while neither receiving nor expecting anything in return. As with all gifts, a money gift is taxable in the United States, but only if its value exceeds $13,000 (in 2009) and is not specifically excluded. For example, gifts between spouses are not taxable under any circumstances. See also: Estate, Gift Tax.
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