Financial gifts only have a tax implication if they cross a certain dollar threshold. For 2014 and 2015 tax returns, the annual gift tax exclusion is $14,000. If your parents gifted you less than $14,000 per person, you don't need to report the gift as income on your tax return.The $14,000 exclusion applies to each individual separately. That means your parents can give you up to $28,000 as a couple in a year, and you won't have to worry about tax implications.inancial gifts only have a tax implication if they cross a certain dollar threshold. For 2014 and 2015 tax returns, the annual gift tax exclusion is $14,000. If your parents gifted you less than $14,000 per person, you don't need to report the gift as income on your tax return.
The Origins Of Poutine Revealed Getting to the bottom of who invented Quebec`s cheesiest dish.
Itâs hard to say where this kugelhopf originated from. While other kugelhopfs start from sweet, yeast-risen dough, I grew up eating a rich cake-like version my grandmother made.he reason itâs hard to say where exactly my grandmaâs kugelhopf came from is that her history is a bit like a rubber ball, bouncing off the walls and never really landing in the same place twice. She was born in Neu Banovci in what is now Serbia, then Yugoslavia.