Question:

How much money can you give someone in one year for a gift without having to pay taxes?

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like 200$ a month

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2 ANSWERS


  1. Currently in the US, $12,000 a year, so that would be $1000 a month.

    Over that you have to file a gift tax return, but might or might not owe a gift tax on the gift.


  2. the 12000 a year is bogus.  That refers to lifetime giving.  You can give what you want.  File the gift tax return and it counts against your lifetime limit. (currently 1,000,000)  And the giver is the one responsible for the tax not the recipient.

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