You can give gifts on a gift tax-free basis in cash or property not exceeding $12,000, to as many individuals (recipients) as such individual desires. In other words, you could gift up to $12,000 worth of assets to one thousand different
individuals during this year, whereby the total amount of the gifts is $12,000,000, without having to file a federa gift tax return;
Now the numbers have changed annual exclusion 13k lifetime exclusion 5 million tax rate 35%. These numbers very likely to change soon.
sabaqat 3 months ago
stupid government wants to tax every god damn thing to support their giant bureaucracies. ridiculous.
bobojr456 2 years ago
@bobojr456
Sounds like a good deal to me. I can give away 12,000.000 without being taxed. Now how to get my hands on 12,000,000.
canaan1967 1 year ago
@canaan1967 12 million? where the fuck did u get that number from? ur ass?
bobojr456 1 year ago
@bobojr456
You can give gifts on a gift tax-free basis in cash or property not exceeding $12,000, to as many individuals (recipients) as such individual desires. In other words, you could gift up to $12,000 worth of assets to one thousand different
individuals during this year, whereby the total amount of the gifts is $12,000,000, without having to file a federa gift tax return;
What are you tea party scum?
canaan1967 1 year ago
@bobojr456
And if you would listen to this woman you would here her say 12,000,000. so get the cheese out of you ear english plonker.
canaan1967 1 year ago