PolicyEngine / PolicyEngine/policyengine-us
Gift Tax
Open
tax
- Dominant language
- Python
- Stars
- 163
- Forks
- 213
- Avg merge
- 3d 3h
- Merged PRs (30d)
- 96
Description
People who give over $16k/year may have to file a gift tax return ([form 709](https://www.irs.gov/pub/irs-pdf/f709.pdf)).
https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes
Low priority as this is complicated and only raises [$1 billion per year](https://www.cbo.gov/publication/57129).
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Assessment
This issue has not been assessed yet.