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Eight Tips to Determine if Your Gift Is Taxable

August 5, 2013 by Roy Vargis CPA, CMA, CFM, CITA, EA, ACMA, CGMA

If you give someone money or property during your lifetime, you may be subject to the federal gift tax. The following tips will help you determine if your gift is taxable or if you are required to file a gift tax return. 1. Most gifts are not subject to the gift tax. For example, there is usually no tax if you give a gift to your spouse or to a charity. If you give a gift to … [Read more...] about Eight Tips to Determine if Your Gift Is Taxable

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