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Published by Eva Rosenberg, MBA, EA

Issue 335     November 18, 2005
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TaxMama's Secrets

Gift Tax Limits

 

From: Altamonte Springs,Fl

Dear TaxMama,

What is the annual gift giving allowance for 2005 without making it a taxable gift?

Norman

 

Hi Norman

It's $11,000.

In another month or so, it will be 2006. Then it will be $12,000.

Please feel free to include me on your gift list.

Best wishes,
Eva Rosenberg, MBA, EA

 

SMALL BUSINESS TAXES MADE EASY - How to Increase Your Deductions, Reduce What You Owe, and Boost Your Profits


 
 
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Eva Rosenberg
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