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Hello, I'm looking at gift tax laws and one thing I didn't quite understand is - how tax deductions work in case of gifting spouse?

Just to give you idea -

I'm looking to gift 10k to my spouse. My spouse is a housewife and we file tax jointly. Can I deduct this (USD 10k) from my annual income while filing taxes?

Thank you in advance!



Submitted December 08, 2017 at 12:37PM by solo_traveller_miami http://ift.tt/2C0lmWi

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