What is the annual amount in gifts that is exempt from taxes to a spouse?

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What is the annual amount in gifts that is exempt from taxes to a spouse?

2007-03-17 04:18:12 · 4 answers · asked by mdlewisshonuff 1 in Business & Finance ➔ Taxes ➔ United States

4 answers

no limit to spouse, 12K to others

2007-03-17 04:44:55 · answer #1 · answered by Z28_Zeppelin 2 · 1⤊ 0⤋

You can give any amount to a spouse as a gift without having to file a gift tax.

Gifts that you give, except to registered charities, can NOT be deducted from your taxes, though, if that's what you're asking.

2007-03-17 06:01:28 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

Gifts between spouses are ulimited. They are fully exempt from Gift Taxes.

2007-03-17 04:48:34 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 1⤋

There are no tax exemption for gifts to spouses.

2007-03-17 04:24:55 · answer #4 · answered by SGElite 7 · 0⤊ 2⤋