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gift tax
(redirected from Gift tax in the United States)

    Also found in: Financial, Wikipedia 0.06 sec.

gift tax n. Federal tax on large gifts. Gifts to members of a family may be up to $10,000 a year to each plus a life-time $30,000 in gifts without tax. Several states also impose gift taxes. As with all tax questions, professional assistance in gift tax planning is vital.
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