What is Cash Gifting?
Cash Gifting is the act of giving another person a declared sum of cash as a gift and giving it freely without force or concern. It’s called a cash gift because that’s exactly what it is a gift of cash. Through the simple principle of helping your fellow man or woman through giving, members of cash gifting programs are immediately recognized and rewarded for their participation in the giving process. Is Cash Gifting Legal? According to United States IRS tax codes cash gifting is legal. The law states that individuals can give a gift to another individual of up to $11,000 each per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the gift has already been paid. For more information on IRS Tax Codes regarding cash gifts see: Title 26, Sections 2501-2504, 2511. and http://www.irs.gov/pub/irs-pdf/p950.pdf Why Do People Join Cash Gifting Programs? Cash Gifting programs account for nearly 60% of all money generated in the home-based busin
