How much is Gift Tax Exclusion?

Question: How much is gift tax exclusion? Answer: For tax year 2014 (Filing in 2015), the gift tax exclusion is $14,000.  Meaning if your parent, relatives or friends give you $14,000, you are exempted and do not need to file the Gift Tax Form, 709.  If you do exceed the git tax threshold, the payer […]

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