IRS 2015 Federal Gift Exclusion Tax

Gifts up to $14,000 for 2015
2014: $14,000
2013: $13,000

"How many annual exclusions are available?The annual exclusion applies to gifts to each donee. In other words, if you give each of your children $11,000 in 2002-2005, $12,000 in 2006-2008, $13,000 in 2009-2012 and $14,000 on or after January 1, 2013, the annual exclusion applies to each gift. The annual exclusion for 2014 and 2015 is $14,000."

"8. You do not have to file a gift tax return to report gifts to political organizations and gifts made by

paying someone’s tuition or medical expenses."

http://www.forbes.com/sites/ashleaebeling/2014/10/30/irs-announces-2015-estate-and-gift-tax-limits/

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Gift-Tax

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes