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Who pays the gift tax?

April 26, 2017pays

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Who pays the gift tax?

2 Answers

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If and when a gift tax is due, it is the donor (the person making the gift) that is taxed. The gift recipient does not pay any taxes.

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The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.