Posts Tagged ‘deductible gifts’

Deductible Gifts

Deductible Gifts

Question: Is the gift money given to spouse/children tax deductible?

Is the gift money given to spouse and/or children tax deductible? If yes, up to what amount for the ‘Married filing jointly’ status?

Answer: No.

Gifts to individuals (regardless of who they are) have never been deductible.

Only gifts to qualified charities are deductible.


Items on Amazon Right Now for Deductible Gifts:

Salvation Army needs its own little helpers to make Christmas merry

There were long lines on the first day of registration at the Salvation Army to help Orlando families give their children Christmas presents this year.

Tax Deduction Tips : Gift Tax Basics


Deductible Gifts To Children

Deductible Gifts To Children

Items on Amazon Right Now for Deductible Gifts To Children:

Famed bomber flying into airport

BETHALTO – The Arizona Wing of the Commemorative Air Force is bringing its B-17 Flying Fortress Sentimental Journey to St Louis Regional Airport, from June 1 to 6.

Why I’m Going to Cambodia