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    tokyookusan's Avatar
    tokyookusan Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jan 24, 2012, 01:04 AM
    International wire / money gift to family
    I'm a US citizen living in Tokyo. I would like to know if can wire money from to my family members as gift without being taxed? What is the maximum allowed amount and how many times can I do so per year? Do I need to declare these gifts when I file my US tax?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jan 24, 2012, 02:45 AM
    In a year you can give a gift of up to $13,000 to an individual. You can give $13,000 each to any number of people. If you give more than $13,000 to any one person, you need to file Gift tax return.
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