Please ensure Javascript is enabled for purposes of website accessibility
Home / Business / Tax-free gifts quadrupled when Congress raised limit

Tax-free gifts quadrupled when Congress raised limit

U.S. taxpayers reported making $122 billion in nontaxable gifts on the returns they filed in 2012, more than four times the amount they made in each of the two previous years.

Leave a Reply

Your email address will not be published. Required fields are marked *

*