Complete Labor Law Poster for $24.95
from www.LaborLawCenter.com, includes
State, Federal, & OSHA posting requirements

Announcement

Collapse
No announcement yet.

California Gift Tax

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • California Gift Tax

    I live in California. I have a quick questions. If I want to give my sister a gift of $5,000 out of my income, will I get charge tax for this? What is the best method to do this without being charge for tax?

  • #2
    California does not have a separate estate, inheritance or gift tax. You can give up to $11,000 to a person with no federal tax liability.

    Comment

    The LaborLawTalk.com forum is intended for informational use only and should not be relied upon and is not a substitute for legal advice. The information contained on LaborLawTalk.com are opinions and suggestions of members and is not a representation of the opinions of LaborLawTalk.com. LaborLawTalk.com does not warrant or vouch for the accuracy, completeness or usefulness of any postings or the qualifications of any person responding. Please consult a legal expert or seek the services of an attorney in your area for more accuracy on your specific situation.
    Working...
    X