How much can I gift tax free in 2012 per person
State/Country relating to question: Missouri
Welcome to JustAnswer,Thank you for your question. If my answer is not clear to you or does not fully answer your question, please ask me for clarification by using the reply button.The 2012 annual Gift Tax exclusion is $13,000 per person or $26,000 for a married couple. You may read more in IRS publication 950 – http://www.irs.gov/pub/irs-pdf/p950.pdfBest wishes for a Happy and Healthy New Year!
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I see that you posed a question in my feedback as follows:"Can My wife write a check for 26,000.00 and I write a check for 26,000. for my son and his wife"Yes the $52,000 would qualify under the 2012 annual gift tax exclusion since both the donor and the recipient are married