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.
Oven-Fry Poutine with Mushroom Gravy. Poutine (pu-teen)âfries topped with gravy and cheese curdsâis a French-Canadian fast-food classic. Our lighter version features crispy oven-fried potatoes topped with just enough sharp cheese and a grease-free gravy that's chock-full of fresh mushrooms.