Special Deck-Other Tax

Question 1

What payments are not considered gifts?

Answer 1

1. Payments to spouses, Transfers to charitable organizations, 3. Political contributions, 4. Payments of medical expenses for another paid directly to health care provider, 5. Tuition for another paid directly to school.

Question 2

How do you determine if a cash gift is taxable?

Answer 2

If it can be enjoyed in the present it is taxable.