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Charitable Donations > Gift Tax

The following information is about Gift Tax.

Gift Tax Defined

Tax on gifts generally paid by the person making the gift, rather than the recipient.

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Off-site Gift Tax Links, User Submitted

The following links have been collected through user bookmark submission in the Gift Tax category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.

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  • Congress Ready to Double Down on Housing Recovery: It seems things have gotten so bad in the housing markets nationally that Congress appears ready to double down on a recovery by increasing the First Time Home Buyer?s Tax Credit from $8,000 to $15,000.
  • Annual Gift Tax Exclusion Amount for 2009, 2010 - Tax - Zimbio: The gift amount cannot exceed the exclusion amount during one calendar year. If you have paid for someone else?s education expenses then, no matter how large the amount, this will remain nontaxable. Your gift will remain nontaxable if you gave it to your spouse or a political organization. You may need to file a gift tax return under certain circumstances. To file a gift tax return you will need to use Form 709.
  • Annual Gift Tax Exclusion Amount for 2009, 2010 - Tax - Zimbio: Your gift will remain nontaxable if you gave it to your spouse or a political organization. You may need to file a gift tax return under certain circumstances. To file a gift tax return you will need to use Form 709.

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