Cartoon Guy Holding Stack Of Books

Hold Harmless

ABC Blocks

Federal tax on large gifts. gifts to members of a family may be up to $10,000 a year to each plus an additional $30,000 accumulation of gifts is allowed tax-free. several states also impose gift taxes. as with all tax questions, professional assistance in gift tax planning is vital.

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.