Tax Guru – Ker$tetter Letter

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Gift Tax History

Posted by taxguru on August 6, 2007

Q:

Subject: Historical annual tax free gift allowances

Kerry,

What were the annual tax free allowances for gift taxes from 1965 to 2007 by year?

 Example

 2007                                                                                  $ 12,000

2006                                                                                              $ 12,000

2005                                                                                              ?

2004                                                                                              ?

2003                                                                                              ?

 

     1965                                              ?

 

A:

My policy is to not answer homework questions.  However, check out this post from almost four months ago. 

Kerry Kerstetter

 

 

 

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