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    manunited's Avatar
    manunited Posts: 2, Reputation: 1
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    #1

    Jan 21, 2009, 06:25 PM
    Taxable gift amount
    What is the maximum amount an individual can receive as a gift before they are taxed?
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
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    #2

    Jan 21, 2009, 08:13 PM

    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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