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    kawidirtrider's Avatar
    kawidirtrider Posts: 1, Reputation: 1
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    #1

    Sep 25, 2010, 05:11 PM
    How much cash can I receive as a gift in a calendar year without paying taxes on it
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Sep 25, 2010, 05:15 PM

    There is no limit since the recipient doesn't pay taxes on gifts, the donor does.

    A donor can contribute $13K per person without incurring taxes. There is also a lifetime exclusion that may be applied.
    wnhough's Avatar
    wnhough Posts: 200, Reputation: 12
    Full Member
    		  
    #3

    Sep 25, 2010, 05:19 PM
    As much as you want; You, as a recipient, can receive any amount of cash as gifts without paying taxes if it is truly gifts for you. Donator needs to pay tax if he/she gives you more than $13,000 per year in 2010(I guess)
    . For a reference, in the US, a donor generally pays the gift tax. Under certain arrangements,i.e. a net gift, the donee may pay the tax instead.
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