Question about Gift Tax
April 25, 2014 3:48 PM Subscribe
Regarding the gift tax, the IRS indicates that a gift does not count against the annual exclusion ($14,000), and is not taxable against the giver, if it is gifted towards a tuition payment. Would this also be the case if it was gifted to pay a student loan for someone directly to their lending institution?
posted by SpacemanStix to Work & Money (7 answers total)