As a result, the entire history of the car is documented. For the next twelve years, the âBird sat. Joe partially disassembled the car to determine what it was going to need. the list became so long that parts were acquired as opportunity and funds allowed. Fortunately, most of the special Superbird parts could be reused.
As of the 2012 tax year, the exclusion amount is $13,000 for each person you make a gift to. If you're married, you can double that: you and your spouse are each entitled to give away $13,000 per person.
1 So one person may give an amount of $13,000, but together they can give you $26,000 without any tax owed. 2  If the money is for tuition or medical expenses, it will not be considered a gift.  You can give money to your spouse and it will not be subject to gift taxes.