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This year Samantha gave each of her three nephews birthday gifts of $10,000 in cash. At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $6,000 in cash. What is the amount of the taxable gifts, if any, made by Samantha this year?

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  1. 3 May, 06:38
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    The amount of the taxable gifts made by Samantha this year is 3,000

    Explanation:

    Because Samantha gave 16,000 dollars in total while the tax exemption is 15,000 per person.

    So the tax gift is triggered

    The taxable gifts are 1,000 per nephews. For a total of 3,000
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