Ask Question
13 November, 00:07

Jim and sue have three children. what is the maximum amount they can give each year without having to pay a gift tax?

+2
Answers (1)
  1. 13 November, 00:33
    0
    78,000.00 This has to do with the IRS gifting rules. Jim and Sue are two people allowing them to have a better chance of giving more of a gift. This is done through a percentage of knowing that 5 million can be given as a gift without being taxed in a lifetime would be 20%.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jim and sue have three children. what is the maximum amount they can give each year without having to pay a gift tax? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers