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Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Legal
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Experience:  JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
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In order to bring my mother's income down to qualify

Customer Question

In order to bring my mother's income down to qualify for veteran assistance in the state of Indiana, is there an amount that can be "gifted" without having to pay taxes as if it were income?
Submitted: 1 year ago.
Category: Legal
Expert:  Law Educator, Esq. replied 1 year ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
A gift of $14,000 per person or less annually is exempt from the gift tax under the 2015 tax guidelines.

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