What are the Annual Gift Exclusions for 2008?

chrisk · #1 (**permalink**) 03-07-2008, 01:08 AM

Are you aware of "what are the Annual Gift Exclusions" are for 2008?

Tks!

TaxGuru · #2 (**permalink**) 03-14-2008, 09:40 AM

The Annual Gift Exclusions for 2007 and 2008 Tax Year is currently set at $12,000. The IRS has not changed the amount of exclusion for 2008, and there is no provision pending in Congress to increase this amount in 2008.

Nathaniel · #3 (**permalink**) 09-21-2008, 03:07 PM

Correct. For 2009, the annual exclusion will most likely be $13,000.