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-   -   Taxable gift amount (https://www.askmehelpdesk.com/showthread.php?t=306867)

  • Jan 21, 2009, 06:25 PM
    manunited
    Taxable gift amount
    What is the maximum amount an individual can receive as a gift before they are taxed?
  • Jan 21, 2009, 08:13 PM
    IntlTax

    The individual receiving the gift is not subject to gift tax. The donor is subject to the gift tax. If a donor is a U.S. citizen or is domiciled in the U.S. he/she can make lifetime taxable gifts of up to $1,000,000 before being subject to federal gift tax. Taxable gifts generally are gifts in excess of $13,000 (for 2009).

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