Split Gift

0.01 sec.

Split Gift

The act of a married couple giving gifts to a single beneficiary separately in order to avoid the gift tax. Givers of gifts in excess of $10,000 are required to pay the gift tax. In order to avoid this through gift splitting, a husband and a wife may separately give up to $10,000, meaning that the beneficiary receives up to $20,000 without subjecting the giver to the tax.

split gift

A gift from one partner in a marriage to someone outside the marriage when one-half of the gift is assumed by law to have been made by each spouse. A split gift permits the $10,000 annual gift tax exclusion per recipient to effectively be $20,000 per recipient when the gift originates from a married couple.

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.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
gift tax			If a practitioner represents the wealthier spouse, he or she may suggest the wealthier spouse include language in the nuptial agreement that provides the other spouse must consent to split gifts under [section]2513 of the Code if the wealthier spouse makes such a request of the other spouse. Relationship dissolution planning by Bucher, Elaine M. / Florida Bar Journal Kintera Donor Management is built on the functionality of Kintera CRM and additional feature highlights include: * Gift Processing--Manages a broad range of gift types, including straight donations, pledges, recurring gifts, split gifts, soft credits, gifts of stock, and gifts in kind. Upgrades to Kintera Sphere by Clolery, Paul / The Non-profit Times In addition, because the gift tax rates are graduated, a split gift allows the total taxable gift to be taxed at each spouse's lower rate before either spouse moves on to the next bracket. Navigating the revised gift tax return by Smith, Blake T. / The Tax Adviser			Spekulation spendable income Spending Phase Spending plan Spese di chiusura Spesen Spider Spiders spike Spin Off Spin-Off Spinning Spinoff SPINs Spintarella Spirale inflazionistica Spirale prix-salaires spite fence Split Split Adjusted Split Close Split Commission Split Coupon Bond split down Split Funding Split Gift Split Offering Split Order Split Print Split Rating Split Ratio Split Stock Split Up Split-coupon bond Split-Fee Option Split-Funded Annuity Split-Off split-rate capitalization Split-Rate Tax System Split-Up Split-Up Value Splitoff Splitoff IPO Spoken For spoliation of evidence Spolka Z Organiczona Odpowiedzialnoscia Sponsor sponsor equity Sponsored ADR Sponsored American Depositary Receipt Spontaneous Current Liabilities			split estrus Split exact sequence Split Face Concrete Masonry Unit split fats split fats split fats split fats split fats Split Fee Option Split Fee Options split fifty-fifty Split Fingered Fastball split fitting split fix Split Flange Kit split flap Split Foot split frame Split Frame Rendering Split Funded Annuities Split Funded Annuity split funding split gene split gene split gene split genes split genes split genes split genes split genes Split Gift Split Gifts split hairs split hairs split hairs split hairs split hairs split hairs split hand Split Hand and Foot Disease split hand deformity split hand deformity split hand deformity split hand deformity split hand deformity Split Hand Foot Malformation Split Hand Split Foot Split Hand/Foot Deformity Split Hyperfractionated Accelerated Radiation Therapy Split idempotent split in split infinitive split infinitives split interstitial split into split jamb Split key split keyboarding split lath Split link Split Live Range

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.