The blocked caller goes to voicemail. And you can see a list of blocked calls by tapping the Voicemail option in the Phone app. For better protection get a Google Voice number. Blocked callers to a GV number get SIT tones that indicate that the number is not in service.he blocked caller goes to voicemail. And you can see a list of blocked calls by tapping the Voicemail option in the Phone app. For better protection get a Google Voice number. Blocked callers to a GV number get SIT tones that indicate that the number is not in service.
What happens if you exceed those limits? If you do, the gift would go toward reducing your lifetime gift exclusion of $5.34 million, which the IRS raised for 2014 from $5.25 million this year. Once a personâs lifetime exclusion is exceeded, a gift tax of up to 40 percent will apply to you or your heirs.
For an update, see my Oct. 30, 2014 post, âIRS Raises Limit On Tax-Free Lifetime Gifts For 2015.â. The yearly limit on how much we can each give another person without having to worry about gift tax in 2013 is $14,000. This limit, known as the annual exclusion, will not be increased for inflation in 2014. Spouses can combine their annual exclusions to double the size of the gift.