Up to how much cash gift can you receive or send in a year?
- 15 years ago
http://cashgiftingstrategy.com/
Up to how much cash gift can you receive or send in a year?
The law about cashgifting states that individuals can give a gift to another individual of up to $12,000 per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the gift has already been paid. For more information on the IRS Tax Codes regarding cash gifts and other legal bases, always visit cashgiftingstrategy.com.
Up to how much cash gift can you receive or send in a year?
The law about cashgifting states that individuals can give a gift to another individual of up to $12,000 per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the gift has already been paid. For more information on the IRS Tax Codes regarding cash gifts and other legal bases, always visit cashgiftingstrategy.com.