How much money can I gift to a person in a year without paying taxes?

    Want to give money to grandkids.

    0  Views: 4414 Answers: 4 Posted: 10 years ago
    Tags: gift

    4 Answers

    For the UK see here...

    Gift it to my attention, and do not worry about the taxes, I will gladly pay them whatever they are!  Thank you in advance, regards! 

    The Gift Tax - TurboTax® Tax Tips & Videos‎
    If you give people a lot of money, you might have to pay a federal gift tax. But the ... in 2012) to any number of people every year, without facing any gift taxes. ... (You and your spouse together can give up to $26,000 per person, per year to any ...
    Understanding Gift and Estate Taxes - Ohio State Bar Association‎
    Q: How much money can I give away each year, and to how many people? ... as many different people as he or she wishes, without filing a gift tax return or using ...
    Tax tips: How much can I give as a gift? - Handling Hard Times : The ...‎
    May 6, 2012 - And does the recipient of the gift have to pay taxes on the gift as if it ... (for years 2009- 2012) to any one person without (generally) having to file ...
    Gift Tax: Do I have to pay gift tax when someone gives me money ...‎
    Each year, the amount a person gives other people over the annual exclusion ... Currently, a taxpayer does not pay gift tax until they have given away over $5.25 ...
    Frequently Asked Questions on Gift Taxes - Internal Revenue Service‎
    May 30, 2013 - The donor is generally responsible for paying the gift tax. ... Gifts that are not more than the annual exclusion for the calendar year. Tuition or medical expenses you pay for someone (the educational and medical exclusions). ... Making a gift or leaving your estate to your heirs does not ordinarily affect your ...
    Everything You Should Know About Givin

    Where do you live and where do your grandkids live?

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