Internal Revenue Service (IRS) to raise the yearly limit on gift tax. The annual exclusion for gifts has increased from 13,000 U.S. dollars to 14, 000 U.S. dollars starting in 2013. Under IRS rules, spouses are allowed to combine their annual exclusions to double the size of the gift...
Limits can vary depending upon the bank, but anaverage is $25,000. However, some banks have a low limit of $2,000. This can be a problem for many individuals and businesses, as well as real estate professionals who often require larger money transfers from clients. Are e transfers tracea...
IRS Raises Limit On Tax-Free Lifetime Gifts.JacobsDeborahL.Forbes.com