Tax Guru – Ker$tetter Letter

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Archive for March 7th, 2007

Posted by taxguru on March 7, 2007

Posted in Uncategorized | Comments Off on

Gift Tax History

Posted by taxguru on March 7, 2007

Q:

Subject: Re: Help!
 
Is there a way to find out what the annual tax free allowance for gift tax was back in 1957?
Thank you!!!!!!

 

A:

It was $3,000 during the years 1943-1981.

I found this via a Google search that led me to this post from Paul Caron.

If you download the report he cites, you will see a very comprehensive history of the Gift Tax.

Kerry Kerstetter

Follow-Up:

Thank you!!!!!!!!!   Thank you!!!!!!!!!   Thank you!!!!!!!!!   Thank you!!!!!!!!!  

 

Posted in Gifting | Comments Off on Gift Tax History