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There are two main wedding anniversary gift lists commonly known. The traditional wedding anniversary gifts and the modern anniversary list. There are also flowers and gemstones associated with each year. People have been getting married since the beginning, and people also love to create traditions. Therefore the traditional wedding anniversary gift list was born.
Thus, for instance, you can gift the maximum amount to a sibling, child, and grandchild, or several of these, in the same tax year with no gift tax problems. Furthermore, the annual $14,000 exclusion is doubled to $28,000 for joint gifts made by a married couple.ereâs the basic premise: Under the annual gift tax exclusion, you can give gifts of cash or property to someone up to a specified amount without paying any federal gift tax.