If you made gifts in 2014, check this tax filing requirement

Here’s another filing deadline that might apply to you:  April 15 is the due date for filing 2014 gift tax returns.  If you made gifts last year in excess of the $14,000 annual limit to any one individual, you may need to report the transaction to the IRS.  If you and your spouse agree to “gift-splitting,” you could give up to $28,000 to any one individual with no gift tax liability.  However, gift-splitting requires that each of you file a gift tax return.

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