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Split Gift
(redirected from Split Gifts)

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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.
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The same rule applies if the donor and his or her spouse choose to split gifts in the year the contribution is made.
Back to the basics: common gift tax return mistakes by Ransome, Justin P.; Schafer, Frances W. / The Tax Adviser
For 2009, the exclusion is $13,000 per recipient ($26,000 if you split gifts with your spouse), up from $12,000 last year.
5 common estate planning mistakes by Wieder, Marc / Real Estate Weekly
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
 
 
 
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