On January 1, 2002 the annual gift tax exeption was raised from $10000
to $11000. In 2003 is it still $11000 or more?

Dear stapes-ga
It is still $11000

A search at the IRS site does not reveal any changes to the rule.
http://www.irs.gov

"Gifts of up to $11,000 can be made during 2002 and the following
years to an individual without incurring a gift tax. If the gift is
made by a married couple from their jointly owned assets, it can be as
much as $22,000 without being taxed."
http://www.ca-trusts.com/fet.html
 
This is also confirmed on the HR Block 2003 Tax Facts at:
http://www.hrblock.com/presscenter/presskit/estate/new_amount/facts.html
and
http://www.mbscott.com/collsav.htm

Do not hesitate to ask for clarification of this research or if the
links do not work.
 
answerfinder-ga

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