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.
Rating Newest Oldest. Best Answer: As of 2009, an individual can gift $13,000 to another individual annually without filing for gift tax. If one of the individuals is married, the gift can be up to $26,000 and it is presumed to split 50-50 (hence, no need to write 2 checks). If both the donor and donee are married, the donor can gift up to $52,000 but at that point, it would be better to split into two checks, one from each donor spouse. Beyond the $13,000 annual exclusion, every donor has a $1,000,000 lifetime gift exclusion; however, that exclusion is also used for estate tax.