Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 667 other followers

  • Blog Stats

    • 287,725 hits
  • Posts By Day

    March 2008
    M T W T F S S
     12
    3456789
    10111213141516
    17181920212223
    24252627282930
    31  
  • Subscribe

  • Special Pages

Annual Gift Exclusion

Posted by taxguru on March 22, 2008

Q:

Subject: Tax Free Gift

The maximum tax free gift for 2007 was $12,000 per individual. Is this the same for 2008?

 

Thank You.

 

A:

 Yes it is.

By law, this figure is only allowed to be increased in even $1,000 increments; so it takes a number of years’ worth of cumulative inflation before it is bumped up.

Kerry Kerstetter

 

 

Sorry, the comment form is closed at this time.

 
%d bloggers like this: