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.
2 people found this helpful. The gift limit that you can give to an individual is $14,000 without having to file a Gift Tax return, Form 709. However, there would not be a gift tax imposed if your total aggregate gifts are not over $5.34 Million in tax year 2014.