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IRS Gift Tax Limit for 2009, 2010

Currently the IRS will allow you to give away up to $12,000.00 annually without having to pay any tax on the gift. This $12,000.00 can be given to one person or any number of people. If you are married then this amount increases to $24,000.00.

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Rating: 72% positive, 22 total Votes
Categories: IRS Gift Tax Limit
Added: on Jul 21, 2009 at 8:00 am
Added By: tsmith2724
Searches: irs tax gift limit

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The gift tax exemption is actually 13000 for 2009.
– Added by an anonymous user on Jul 21, 2009 at 7:59 pm
Yes it is actually $13,000 for 2009. If you're going to give tips you should at least make sure of the validity of your claims.
– Added by an anonymous user on Aug 10, 2009 at 10:10 pm
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