Jan, an unmarried individual, gave the following outright gifts in 2007:
|
Donee |
Amount |
Use by donee |
|
Jones |
$15,000 |
Down payment on house |
|
Craig |
13,000 |
College tuition |
|
Kande |
5,000 |
Vacation trip |
Jan’s 2007 exclusions for gift tax purposes should total
- $30,000
- $29,000
- $27,000
- $18,000