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$14,000 for 2013. Also note that lifetime tax-free limit is $5.12 million. So if you 'accidentally' gift more than $14k, you just fill form 709 and pay no taxe

$14,000 for 2013. Also note that lifetime tax-free limit is $5.12 million. So if you 'accidentally' gift more than $14k, you just fill form 709 and pay no taxes till $5.12M

r00fus 14y ago
Yeah, my parents were all scared about gift taxes when loaning us money short-term for our downpayment... then we read the fine print - and the loan was well south of the lifetime tax-free limit.
Evbn 14y ago
The lifetime limit is equal to 400 years of gifting ?!