Are gifts from a certain confectionery father taxable?

likefunny
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No ones gonna know. How would they know? How?

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Gifts are taxable to the giver in excess of 12k.

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Its 15k for 2020/2021 the Annual exclusion is subject to an increase every year

Huh?

Are you getting some generous gift or something?

It’s very similar to bd; a lot of work upfront but great long term

likesmartfunny

If you are married to your pater melias, then no gift tax - unless he is not a US citizen, in which case there are limits.

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