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.
Posted November 8, 2010 4:39am. Your mother can give a gift of $13,000 per child per year. If she is married she can do a split gift with her husband and double it to $$26,000. She also has a lifetime exclusion of $1 Million for gifts that exceed this amount.