Gift Tax

Filed Under: g by
Gift Tax
Federal tax applicable on anything of value gifted to another person by the taxpayer. Items are considered gifts if the receiver pays an amount less than full value of the item or does not pay at all. The giver is required to pay the tax.

Recommended for you:

  1. Apple Inc. (AAPL) will launch gift card special for ‘Back to School’ today
  2. City Orders Handicapped Girls Make-a-Wish Gift Destroyed
  3. Top 10 Promotional Gifts For Businesses
  4. Horizontal Analysis
Home / Glossary / g / Gift Tax