I need surgery in 2010, the government & insurance will not pay for it. Can family gift me funds.
I am asking my family for help to pay for this surgery which is around 20k. Can they gift me the money and receive any tax write off?? Please help as this is desperately needed. Thank you, from Ms. Bobbi
Gifting is restricted to whatever the State Law of where you live is set to. If not in the U.S., then I cannot help. In America, anyone can gift money or funds, to someone else, within certain guidelines/laws/regulations of each presiding State. There tax implications to take into consideration. The Federal Law also has it's own set guidelines for gifting, which might or might not, be stricter than State Laws.
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