Steve Bliss Law Probate Lawyer
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Map:
Phone: (858) 278-2800
Gift for Tax Functions
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If a person does make a gift over $14,000, a gift tax is not instantly owed.
Gift Tax Basics
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The gift tax or estate tax rate is up to 40 percent in 2017.
Annual Exemption
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There are numerous types of presents that are not subject to gift tax, even if they exceed the yearly exemption limitation. Gifts to a foreign spouse can be made with an annual limitation of $149,000 without sustaining a gift tax.
Gift Tax Rate
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Present Exempt to the Gift Tax
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Present Subject to the Tax
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Legal Assistance
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