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Results tagged with gift-tax
Search options not deleted
user 25282
This tag is to be used for any question pertaining to gifts received and taken and applicability of taxes. If this tag is used, ideally a country-specific tag should also be specified, to indicate which region a question belongs to, as the answer may differ based on the country. Related tag is "income-tax" for question related to income.
7
votes
Accepted
Do political campaign contributions count as gifts for tax purposes?
No.
No.
No.
Standard federal candidate political donations are limited to $2700 per candidate per election. The primary and general elections are different elections for this purpose.
Source: …
- 21k
3
votes
Sending money ($80k) from USA to India, any issues with IRS?
Sending as gifts
I found a clear statement that you do in fact owe gift tax for gifts made to foreign people (foreign from the perspective of the United States government). There is a $15,000 gift t …
- 21k
34
votes
Accepted
Dad gifting me a house for 2 years, how to deal with taxes?
I understand $14k/yr $5.4M max
This isn't the right way to say it. Your dad has a $5.4 million estate tax exclusion that can be used for gift tax. In addition to that (not instead or as part of …
- 21k