Abraham Lincoln found himself at the head of a government that was divided amongst itself on how to proceed, given that the southern half of the country was teetering on the edge of secession.
I've noticed that employees don't contribute much when the envelope makes its rounds. I'd say their contributions average $3 per person, tops. I don't want to appear cheap to our boss presenting him with a departmental retirement gift of less than $200 (there is 60 people in the department). I want to ask the staff to increase their contribution to $30 per person, so we can give my boss an $1800 gift.
The $12,000 is per gift giver, per gift receiver. So, for example, if a husband and a wife each gave the maximum to a child, the total amount would be $24,000 without triggering the gift tax.The only gifts that are tax deductions are those made to qualified charities.he $12,000 is per gift giver, per gift receiver. So, for example, if a husband and a wife each gave the maximum to a child, the total amount would be $24,000 without triggering the gift tax. The only gifts that are tax deductions are those made to qualified charities.