There are really two amounts that are important (1) the annual gift exclusion (the amount that any one person can give as many people as they want and not even have to file or track, report or pay tax) which i $14,000 ... and (2) The lifetime gift and estate tax exclusion, wheich is %5250,000 for 2013 and will increase every year
(sorry for the typos) ..... But if someone gives more than 14,000 to a person then a gift tax form must be filed (which is used to track and accumulate the amounts given during life, to be sure that person doesn't give away more than the lifetime exclusion)
Under 14,000 per donee per person per year (no tax no reporting)
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