If you give a friend or family member money, a lot of money, you may have to pay taxes on the gift you give. This is known as the Gift Tax. With the Gift Tax, we're talking about a lot of money - more than $13,000 per person and up to 1 Million dollars over your lifetime. Learn about the Gift Tax and TurboTax's ItsDeductible.
For more information, please visit: http://turbotax.intuit.com
video posted before gift tax limits changed for 2011 & 2012?
jnossoff 1 month ago
Once again that was not helpful.
kateyessee 1 year ago