How much money can you give to a person as a gift without the person receiving the gift having to pay taxes on it?

ANSWERS: 3

Stableboy

I think it's $10,000 (presuming U.S. here). The best place to get that answer -- besides a tax accountant -- is the http://www.irs.gov web site, they answer a lot of tax questions. Put "gift" into the search box, you'll get back a decent looking list, like this one: http://tinyurl.com/ytub6x

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Will

I'm not sure, but there is a way you can pay the taxes for them.

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seniorguy

12000 dollars this year

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