Gifts
The most frequently asked tax questions related to Gifts
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Answer Tax QuestionsHow many people can I give $14,000 to each year?
Asked Sunday, September 03, 2000 by an anonymous user
There is no limit to the number of $14,000 exclusions you are entitled to.
Annual $14,000 gift exclusion - limited to gifts to relatives ?
Asked Sunday, September 03, 2000 by an anonymous user
No. You can even give $14,000 to anyone.
Gifts - $14,000 or less
Asked Sunday, September 03, 2000 by an anonymous user
There is no deduction for giving a gift of $14,000 ($13,000 in 2012) or less. There are no reporting requirements for gifts given or received of $14,000 or less.
