Are cash gifts less than $10,000 taxable?
Clint from Baltimore, MD
Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!
The annual exclusion is 11000 for this year, but you can find out more information below because it really depends on who it goes to and so on.....
PDF file from the IRS
www.irs.gov/
It is allowable by law to give cash gifts of $11,000 per person without your paying taxes
Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!
