title>Tax Guru-Ker$tetter Letter Wizard Animation


Tax Guru-Ker$tetter Letter
Saturday, March 22, 2008
Annual Gift Exclusion


Subject: Tax Free Gift

The maximum tax free gift for 2007 was $12,000 per individual. Is this the same for 2008?


Thank You.



 Yes it is.

By law, this figure is only allowed to be increased in even $1,000 increments; so it takes a number of years' worth of cumulative inflation before it is bumped up.

Kerry Kerstetter




Powered by Blogger