Sentence examples for gifts split from inspiring English sources

First off, a complete gift tax exclusion, over and above the $13,000 annual exclusion ($26,000 for gifts split with your spouse) is allowed for tuition payments, so long as you make the payments directly to the school While this exclusion does not include books and living expenses, it generally disposes of any gift tax worries.

When married couples use the annual exclusion to gift split, does it matter who signs the checks if the funds are coming out of a joint account?

The joint committee allows contributors to write a single check and have their gift split between the lawmaker's campaign committee and leadership PAC.

It's called gift-splitting.

(Here too, they must file a gift-tax return and consent to gift-split).

By gift-splitting the brother who had died would owe no gift tax.

But you still need to file it to make the gift-split election.

Is it ever too late to make a gift-split election?

Ordinarily they must then file a gift tax return and consent, on each others' returns, to gift-split.

Ordinarily couples must then file a gift tax return and consent, on each others' returns, to gift-split.

Ordinarily couples must then file a gift tax return and consent, on each other's returns, to gift-split.