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Frequently Asked Questions on Gift Taxes - IRS tax forms
- https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes
- Tuition or medical expenses you pay for someone (the educational and medical exclusions). Gifts to your spouse. ... Individuals taking advantage of the increased gift tax exclusion amount in effect from 2018 to 2025 will not be adversely impacted …
You Can Stretch the Gift Tax Limit by Paying for Education or …
- https://www.elderlawanswers.com/you-can-avoid-the-gift-tax-by-paying-for-education-or-health-care-18211
- Payments for a family member’s education or health care expenses are exempt from the gift tax. The annual gift tax exclusion for 2022 is $16,000. This means …
Direct Payment of Medical Expenses and Tuition as an …
- https://www.actec.org/estate-planning/gift-tax-medical-expenses-tuition-payments/
- Paying for someone else’s tuition or medical bill is an exception to the gift tax if you do it correctly. ACTEC Fellows Jean Gordon Carter and Toni Ann Kruse explain what is …
26 CFR § 25.2503-6 - Exclusion for certain qualified …
- https://www.law.cornell.edu/cfr/text/26/25.2503-6
- This exclusion is available in addition to the $10,000 annual gift tax exclusion. Furthermore, an exclusion for a qualified transfer is permitted without regard to the …
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