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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.
The following gifts are exempt from gift tax: (1) gifts to a spouse; (2) gifts of $14,000 annually to any individual and $28,000 if the gift is made by a married couple; and (3) direct payments to an educational provider for tuition or to a medical provider for medical care.