Yucca Mountain nuclear waste repository. The Yucca Mountain Nuclear Waste Repository, as designated by the Nuclear Waste Policy Act amendments of 1987, is to be a deep geological repository storage facility for spent nuclear fuel and other high level radioactive waste in the United States.
In any given year, you can give up to $13,000 per child, without incurring any kind of reporting requirement, and without any gift tax liability. If you are married, you and your spouse can each give this amount, or $26,000 total. You can give more than this amount, but if you do, you must file an IRS Form 709.
We are not sure how much money we can give them without having to pay tax fees. In 2013 the IRS gift tax exclusion is $14,000 per donor per recipient. So effectively, married couples can â together â provide cash gifts of up to $28,000 per recipient without triggering a gift tax.So in your case, you and your spouse can give a combined gift of up to $56,000 this year to your son and future daughter-in-law ($28,000 to each).ou have to state by how much you gifted beyond the exemption and subtract that amount from your lifetime exemption of $5.25 million. This doesnât mean youâll owe any money right now. If in your lifetime you give away more than $5.25 million youâll be subject to a federal gift tax, currently 40%.