Is cash gifting legal

Answer:

Yes, cash gifting is legal when it is done within the boundaries of the law.

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Other answers

IRS Tax Code Title 29 and Publication 950 states that cash gifts up to $12,000 per person per calendar year are allowed.

Shella A.

IRS Tax Code Title 29 and Publication 950 states that cash gifts up to $12,000 per person per calendar year are allowed.

Yes, cash gifting is legal when it is done within the boundaries of the law.

Cash gifting is 100% completely legal. Thank you and ! Is there anything I can help you with?

Tiffany Wynn

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