Gift

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Gift

An asset of any kind that an individual transfers to another individual while neither receiving nor expecting anything in return. A gift one receives 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.

Gift

A transfer of property from one person or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution" usually have separate meanings, the latter word being used in connection with contributions to charitable, religious, etc., organizations, whereas the word "gift" refers to transfers of money or property to individuals.
References in periodicals archive ?
Segmentation by product type and analysis of the non-photo personalized gifts market
You can create personalized gift hampers with flowers, chocolates and cakes.
GiftsForYouNow is a family business based in the south-western Chicago suburbs, providing thoughtful personalized gifts for all occasions to terrific gift-givers year round.
GiftsForYouNow is a family business based in the western Chicago suburbs, providing thoughtful personalized gifts for all occasions to terrific gift-givers year round.
Fort Myers, FL, November 21, 2015 --(PR.com)-- Christ Centered Life Store announces the introduction of in-store personalized gifts. Gifts for any occasion can be personalized by a laser engraving machine on-the-spot, while you wait, at 7191 Cypress Lake Drive in Ft.
Specializing in Embroidery, Garment Printing, Custom Apparel, Promotional Product, Screen Printing and Personalized Gifts.
Personalized gifts are best in showing love and care either it's for a family member or a friend.

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