TEACHER GIFTS Thesedesigns are
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Personalized TEACHER APPRECIATION GIFTS BESTVIEWED WITH INTERNET EXPLORER HOME GIFTGALLERY PACKERGIFTS 1 PACKERGIFTS 2 PACKERGIFTS 3 PACKERGIFTS 4 PACKERORNAMENTS NFLGIFTS BADGERGIFTS RED HAT GIFTS ANGELS BABY& CHILDGIFTS BATHDECOR BIRTHSTONEGIFTS PERSONALIZEDORNAMENTS 1 PERSONALIZEDORNAMENTS 2 PERSONALIZED ORNAMENTS 3 BABY'SFIRST CHRISTMAS ORNAMENTS SNOWMEN AMERICANA GINGERBREAD SOUTHWEST TEACHERGIFTS SIGNS PERSONALIZEDSIGNS 1 PERSONALIZEDSIGNS 2 PERSONALIZED SIGNS 3 "TOP PICKS"-MOST POPULAR PETDESIGNS WEDDING HOLIDAY HANUKKAH NAUTICAL BIRDHOUSES MISCELLANEOUS CUSTOMDESIGNS KAYLA'S KORNER VIEWCART OURPOLICIES ORDEROPTIONS WHOLESALE TESTIMONIALS SHOWS LINKS TopSite Links LinkExchange Applyfor our Award ABOUT US & CONTACT INFO E-MAIL SecureOrdering TEACHER GIFTS Thesedesigns are perfect expressions of appreciation for that Special Teacher whohas done so much. These Teacher's gifts are handcrafted, unique and fun. Pricesinclude shipping within the continental U.S. Click onthumbnail for larger view. TEACHER APPLE II NEW Red apple personalized with hand painted off- white lettering. Leave blank any lines you do not want added. Item #:4001 Size: 7" x 8.5" Price: $16.95 (includes shipping) Name: Grade/Class/Room: School: Year : SMILING TEACHER PENCIL NEW Smiling bright yellow pencil can be personalized as desired. Hand painted black lettering. Leave blank any lines you do not want added. Item #:4002 Size: 10" Price:18.95 (includes shipping) Lines 1 & 2: Lines 3 & 4: Line 5: SMALL TEACHER APPLE NEW Hand painted teacher verse and name in off-white on cute apple shape. Item #:4003 Size: 6" Price: $16.95 (includes shipping) Choose Wording: A SPECIAL TEACHER IS REMEMBERED FOREVER IT TAKES A SPECIAL PERSON TO BE A GREAT TEACHER A TEACHER TAKES A HAND, OPENS A MIND AND TOUCHES A HEART TEACHING IS THE PROFESSION THAT CREATES ALL OTHERS TEACHERS PLANT THE SEEDS OF THE FUTURE TEACHERS CAN'T LIVE ON APPLES ALONE YOU CAN'T SCARE ME - I TEACH! THE BEST TEACHERS TEACH FROM THE HEART, NOT FROM THE BOOK TEACHING IS A WORK OF HEART TEACHING IS TO TOUCH A LIFE FOREVER MANY CAN TEACH, ONLY A SPECIAL FEW CAN REACH A GREAT TEACHER LOVES TEACHING OTHERS TO LOVE LEARNING TEACHERS CHANGE THE WORLD ONE CHILD AT A TIME Name : HALF APPLE TEACHER SIGN NEW Tan sign with apple stamp and black hand painted lettering in verse of your choice. Personalized with name. Item #: 4004 Size: 5" x 7" Price: $15.95 (includes shipping) Name : Choose Wording: A SPECIAL TEACHER IS REMEMBERED FOREVER IT TAKES A SPECIAL PERSON TO BE A GREAT TEACHER A TEACHER TAKES A HAND, OPENS A MIND AND TOUCHES A HEART TEACHING IS THE PROFESSION THAT CREATES ALL OTHERS TEACHERS PLANT THE SEEDS OF THE FUTURE TEACHERS CAN'T LIVE ON APPLES ALONE YOU CAN'T SCARE ME - I TEACH! THE BEST TEACHERS TEACH FROM THE HEART, NOT FROM THE BOOK TEACHING IS A WORK OF HEART TEACHING IS TO TOUCH A LIFE FOREVER MANY CAN TEACH, ONLY A SPECIAL FEW CAN REACH A GREAT TEACHER LOVES TEACHING OTHERS TO LOVE LEARNING TEACHERS CHANGE THE WORLD ONE CHILD AT A TIME TEACHER'S SIGN Painted to look like an old-fashioned blackboard, and accented with cutout shapes: smiling apple, crayons and pencil. Personalized with teacher's name (and grade/class/room, if desired). Size: 5" x 11". Item #: 139 Price: $18.95 (includes shipping) Personalization: TEACHER'S APPLE SIGN Verse of hand painted lettering on an apple cutout shape sign. Perfect gift for a special teacher who has done so much all year long. Personalized with teacher's name on the leaf. Size: 8.5" x 8.5" Item #: 306 Price: 18.95 (includes shipping) Personalization: TEACHER SNOWMAN ORNAMENT Snowman with red hat, scarf and apple! Says "Special Teacher" on body. Personalized with name on hat, and date on scarf. Size: 4" Item #: 305 Price: $6.95 (includes shipping) Personalization: No Date 2001 2002 2003 2004 2005 2006 2007 2008 TEACHER PENCIL ORNAMENT Pencil design trimmed with a mini apple. Says "Special Teacher". Can be personalized with name and date. Size: 4.5" Item #: 901 Price: $6.95 (includes shipping) Personalization: No Date 2001 2002 2003 2004 2005 2006 2007 2008 TEACHER SNOWMAN The perfect snowman for your Favorite Teacher , with print scarf (fabrics may vary), an apple on the base & a brass charm trimming his knit hat. Wire arms. Size: 8" Item #: 304 Price: $ 9.95 (includes shipping) TEACHER LINES With a Variety of Sayings to choose from. Stenciled tan check background and accented with a smiling wooden apple with a winning personality. Size: 3" x 4" or 3" x 5"(depends on saying) Item #:105-T Price: $6.95 (includes shipping) Select Saying: A SPECIAL TEACHER IS REMEMBERED FOREVER IT TAKES A SPECIAL PERSON TO BE A GREAT TEACHER A TEACHER TAKES A HAND, OPENS A MIND AND TOUCHES A HEART TEACHING IS THE PROFESSION THAT CREATES ALL OTHERS TEACHERS PLANT THE SEEDS OF THE FUTURE TEACHERS CAN'T LIVE ON APPLES ALONE YOU CAN'T SCARE ME - I TEACH! THE BEST TEACHERS TEACH FROM THE HEART, NOT FROM THE BOOK TEACHING IS A WORK OF HEART TEACHING IS TO TOUCH A LIFE FOREVER MANY CAN TEACH, ONLY A SPECIAL FEW CAN REACH A GREAT TEACHER LOVES TEACHING OTHERS TO LOVE LEARNING TEACHERS CHANGE THE WORLD ONE CHILD AT A TIME TEACHER APPLE ORNAMENT Personalized ornament for a special gift. Cut from 3mm poplar. Size: 3" Item #: 302 Price: $6.95 (includes shipping) Personalized Gift Personalization: Date: No Date 2001 2002 2003 2004 2005 2006 2007 2008 TEACHER'S PERSONALIZED CRAYON Colorful Crayon Design personalized with name. Choose from hanging sign or pencil holder with holes for 8 pencils. Cut from 2" pine. Size: 11" Item #: 303 Price: $19.95 (includes shipping) Personalized Gift Choose Color: Red Blue Yellow Green Personalization: Choose Design: Hanging Sign Pencil Holder APPLE MUG MAT TEMPORARILY UNAVAILABLE Perfect way for a special teacher to enjoy coffee, tea or hot chocolate. Scented with cloves and padded. Apple prints with muslin backing and trimmed with a brass charm. Packaged in bag w/ header. Size: 4" square. Item #: 513 Price: $6.95 (includes shipping) Select Fabric: A - COUNTRY APPLES B - ORCHARD APPLES {PACKERS-1} {PACKERS-2} {PACKERS-3} {PACKERS-4} {PACKER CHRISTMAS ORNAMENTS} {NFLGIFTS} {WISCONSIN BADGERS} {RED HAT GIFTS} {ANGELS} {BABY} {BIRTHSTONEGIFTS} {SNOWMEN} {BATHDECOR} {ORNAMENTS-1} {ORNAMENTS-2} {ORNAMENTS-3} {BABY ORNAMENTS} {SIGNS} {PERSONALIZED SIGNS-1} {PERSONALIZEDSIGNS-2} { PERSONALIZED SIGNS-3 } {AMERICANA} {GINGERBREAD} {SOUTHWEST} {TEACHER} {SIGNS} {PET DESIGNS} {WEDDING} {HOLIDAY} {HANUKKAH} {NAUTICAL} {BIRDHOUSES} {MISCELLANEOUS} {GIFTGALLERY} {ORDER OPTIONS} {VIEW CART} {TESTIMONIALS} {OURPOLICIES} {CUSTOMDESIGNS} {ABOUT US} {SHOWS} {WHOLESALE} {LINKS} {E-MAIL} {HOME}
gift ideas & wedding
Amazon.com Tools & Hardware:Gift Ideas Your Store Tools & Hardware See All 31 Product Categories Your Account | Cart | Wish List | Help browse brands & products | top sellers | power tools | accessories | free catalog | gift ideas & wedding registry | today's deals | outlet, used & reconditioned Search Amazon.com Tools & Hardware Web Search Home & Garden > Tools & Hardware > Gift Ideas Browse Gift Ideas Auto Combo Packs Cordless Tools For Woodworkers Great Gadgets Hard-to-Find Tools Lawn & Garden Tools Multitools Tool Sets Tool Storage Browse Gifts by Price Under $25 Under $50 Under $100 Under $150 Under $200 Over $200 Browse Gift Ideas By Price By Type Woodworker Wishes Starrett 505A-12 ProSite Protractor List Price: $49.99 Price: $37.99 You Save: $12.00 (24%) Bosch 4000-07 10" Worksite Table Saw with Folding Steel Stand List Price: $948.00 Price: $479.99 You Save: $468.01 (49%) All gifts for woodworkers Customers Rave Bosch 23614 14.4-Volt Impactor Fastening Driver List Price: $437.89 Price: $239.99 You Save: $197.90 (45%) Used & new from $163.75 great tool , October 30, 2004 Reviewer: Kreg Robert Mcmahon "Honey-Do Man" from Redondo Beach, Ca USA I just received this impact drive. I have 5 of the makita's, because once you get hooked on impact, you will only use impacts instead of drills. use them for lags, screws etc. This impact driver works great, has great torque, and best of all it has a belt hook attachment that hooks onto the back... Read more Stumped? Send an Amazon.com Gift Certificate Amazon.com gift certificates are the perfect solution when you justcan't seem to find the right gift or you've waited till the last minute. Sendone or a hundred--Amazon.com makes it easy to cover everyone on your gift list. Everybody Wants One of These Leatherman 63050103K Super Tool 200, Leather Sheath List Price: $80.00 Price: $52.00 You Save: $28.00 (35%) Leatherman 830040 New Wave Multi-Tool with Nylon Sheath List Price: $87.00 Price: $69.85 You Save: $17.15 (20%) All multitools Combo Packs Make Great Gifts Black & Decker HPD1802KF 18-Volt High Performance Drill/Bonus Flashlight List Price: $130.00 Price: $94.99 You Save: $35.01 (27%) DEWALT DW618PKV 2-1/4 HP Electronic Variable Speed Fixed Base / Plunge Router Combo Kit List Price: $446.00 Price: $239.95 You Save: $206.05 (46%) All combo packs Registry and planning made simple for brides and grooms, family and friends.Find or create a weddingregistry today. Visit AmazonWedding Our Top Sellers Updated Hourly 1. Toro 51598 Ultra Blower Toro Price After Rebates: $59.99 Used & new from $69.99 2. Starrett 505A-12 ProSite Protractor Starrett Price: $37.99 Used & new from $34.99 3. Bucket Boss Brand 01056 Bucket Boss 56 Organizer Bucket Boss Price: $15.99 Used & new from $15.99 Where's My Stuff? • Track your recent orders . • View or change your orders in Your Account . Shipping & Returns • See our shipping rates & policies . • Return an item (here's our Returns Policy ). Need Help? • Forgot your password? Click here . • Redeem or buy a gift certificate. • Visit our Help department . Search Tools & Hardware All Products for Top of Page Browse Brands & Products | Top Sellers | Power Tools | Accessories | Free Catalog | Gift Ideas & Wedding Registry | Today's Deals | Outlet, Used & Reconditioned Amazon.com Home | Directory of All Stores Our International Sites: Canada | United Kingdom | Germany | Japan | France | China Contact Us | Help | Shopping Cart | Your Account | Sell Items | 1-Click Settings Investor Relations | Press Releases | Careers Conditions of Use | Privacy Notice © 1995-2005, Amazon.com, Inc. or its affiliates
unique gifts for people
Gifts for Men and Gifts for Women | Xmas Gifts Login Register Help Unique Gifts for Men and Women Hard2Buy4 helps you find unique gifts for people who have everything. We've found gifts for men ranging from Ferrari driving to virtual reality goggles and gifts for women from celebrity fashion to a belly dancing lesson . Whatever his or her tastes we've searched to net to find the best gifts so you can quickly browse and search over 83,000 Gift Ideas . We don't sell any of the gifts, we just help you buy better gifts in less time . Best Selling Gifts for Him and Her Talking Dalek 25 From Alt Gifts Relaxing Spa Day (Hampshire) 105 From Buyagift Aquasarus 19.99 From I Want One of Those Newspaper from your Date of Birth 29.99 From Buyagift Talking Dolls Lou and Andy 34.95 From Boysstuff Wild Sling Water Bomb Launcher 15 From Alt Gifts LED Lazer Nighthawk Kite 12.99 From I Want One of Those R / C Dalek 39.95 From Firebox Roulette wheel - starter set 24.95 From Gadget Storm Belly Button Brush 10 From Alt Gifts Zorbing Experience for One 35 From Buyagift The Bug - DAB Radio 129.95 From Gadget Storm Oggz 36.95 From Prezzy Box TV Watches 129 From I Want One of Those Whipsnade Park Child Entry 11 From Buyagift Double Sided Wire Game 7.47 From Gadget Storm See The Top 50 Gifts Menu Activity Gifts Driving Days Fashion Accessories Food and Drink Gadgets Health and Beauty Hobbies Home & Garden Gifts Ladies Fashion Menswear Popular Gifts Sex Toys Sporty Gifts Technology Unique Gifts Whats New The latest hot gifts Inflatable Football Chair 11.95 Talking Doll Daffyd 19.95 Talking Doll Vicky Pollard 19.95 Voodoo Knife Display 59.95 Reindeer Adoption Experience 52 Celebrity Hamper with a Helicopter Thrill X774 89 Times Past Hamper with a Steam Train Journey for Two X772 149 Indulgence Hamper with Champneys Spa Day X770 165 Best of British Hamper with London Eye Trip and River Cruise for Two X768 149 More New Gifts Gifts Search Popular searches Gift Guides Gifts 4 Men Gifts 4 Women Anniversary Gifts Traditional Gifts Birthday Gifts Wedding Gifts Valentines Gifts Valentines Gifts Fathers Day Gifts -- Halloween Gifts Xmas Gifts for Men Xmas Gifts for Women Shops Directory Offers and Sales Top 50 Gifts New Gifts Popular Gift Ideas Off Road Driving Romantic Experiences Very Unique Animal Encounters Classic Car Driving Drinking Gifts Flying Thrills Health Spa Remote Control Toys Romantic Gifts Super Car Driving Unique Experiences Unique Gadgets Wining and Dining New Technology Sunglasses MP3 Players Halloween Gifts Remote Control Cars Adrenalin Experiences Gifts On Sale There are 2113 products currently on sale from 9 shops! More Special Offer Prezzy Box 5 off! Receive a 5 gift voucher when you register your details with Prezzybox. Save Now! More Offers 1999 - 2005 Hard2Buy4.co.uk, part of Invendium Ltd Help Contact Terms of Use Privacy Bookmark Us Partner Links Feedback Report an Error List Your Site
Birthday Gifts for Mom
Gifts for Dads, Birthday Gifts for Dad, Dad Gifts, Gifts for Fathers, Gift for Dad Home | How to Reach Us | Shipping Info | Show Order | Email -- Occasion -- Retirement Gifts 40th & 50th Anniversary Gifts Mother's Day Gifts Father's Day Gifts Grandparents Day Gifts Gifts for Grandma Gifts for Grandpa Birthday Gifts for Mom Birthday Gifts for Dad General Birthday Gifts Gifts for Seniors -- Product Type -- Books for Seniors Videos for Seniors Games for Seniors Large Print Music option value="household---mobility.html"Senior Household Products Low Vision Products -- Person -- Grandma Gifts Grandpa Gifts General Senior Gifts Dad Gifts Mom Gifts Retirement Gifts Low Vision Products Gifts for Nana Gift for Grandma,Gift for Grandma, Grandma Gifts, Birthday Gifts for Grandma Gifts for Great Grandmothers, Gift for Great Grandma, Great Grandma Gifts Gift for Nana, Gifts for Nana, Nana Gifts, Nana Gift Ideas, Gift for Nana Gifts for Grandpa, Grandpa Gifts, Gift for Great Grandpa & Birthday Gifts for Grandpa, Gift for Grandpa Gifts for Mom, Birthday Gifts for Mom, Gifts for Mothers, Gift for Mom Gifts for Dads, Birthday Gifts for Dad, Dad Gifts, Gifts for Fathers, Gift for Dad Gifts for Seniors, Gifts for Senior Citizens, Gift Ideas for Seniors, Birthday Gifts for Seniors Large Print Books for Seniors, Videos for Seniors & Large Print Music Games for Seniors, Games for the Elderly, Puzzles for Seniors, Low Vision Games Gifts for Seniors, Gifts for the Elderly & Products for Seniors for Around the House Gifts for Grandparents, Grandparent Poems, Gift for Grandparents, Gifts for New Grandparents Low Vision Products, Large Print Books,Talking Products, Products for the Visually Impaired, Talking Gifts 50th Wedding Anniversary Gifts, Golden Wedding Anniversary Gifts, 40th Anniversary Gifts, 50th Anniversary Gift Ideas Contact Senior Store CLEARANCE CENTER Seniorstore Shipping & Info Search Shopping Cart Complete Gift Ideas List Customer Support Hours 315-536-2088 Mon-Fri. 9:00 A.M.-4:00 P.M. Eastern Time Home Gifts for Dads, Birthday Gifts for Dad, Dad Gifts, Gifts for Fathers, Gift for Dad Gifts for Dads, Birthday Gifts for Dad, Dad Gifts, Gifts for Fathers, Gift for Dad These are unique and special gifts for dad: dad birthday gifts, gifts for Dads and love you dad gift ideas. We have a unique selection of birthday gift for dad, and other gifts for dad. Birthday Gift for Dad: Birthday Newspaper Birthday gift or Father's day gift for dad Gifts for Dads who are Grandpas! Gift for grandpa Games for Dad Gift for Dad Practical Gifts for Older Dads Gift for dad Beanbag Lap Desk Gift idea for dad Use of this site constitutes your acceptance of these Terms of Use . 1998-2005 Seniorstore.com TM All rights reserved. Thanks for shopping at Seniorstore.com ~ Home of the finest gifts for seniors including birthday gifts for seniors, low vision products, products for the visually impaired, 50th wedding anniversary gifts, gifts for grandma, gifts for grandpa, gifts for nana, gifts for great grandma, gifts for great grandpa, gifts for mom, gifts for dad.~ Gifts for Dads, Birthday Gifts for Dad, Dad Gifts, Gifts for Fathers, Gift for Dad
Gift Taxes If you
Estate and Gift Taxes Home | Accessibility | Tax Stats | About IRS | Careers | FOIA | The Newsroom | Site Map | Español | Help Search for... within: IRS Site Forms & Publications Advanced Search Tips for successful searching Home Businesses Charities & Non-Profits Corporations International Businesses Partnerships Small Bus/Self-Employed Farmers Industries/Professions International Taxpayers Small Business Workshop Small Business Products Online Classroom Partners & Stakeholders Join Mailing List State Links Electronic Services More Topics . . Compliance & Enforcement Contact My Local Office e-file Forms and Publications Frequently Asked Questions Taxpayer Advocate Where To File Estate and Gift Taxes If you give someone money or property during your life, you may be subject to federal gift tax. The money and property you own when you die (your estate) may be subject to federal estate tax. The purpose of this web page is to give you a general understanding of when these taxes apply and when they do not. It explains how much money or property you can give away during your lifetime or leave to your heirs at your death before any tax will be owed. News and Events: Federal Transfer Certificates (International) Estate and Gift has received many questions about Federal Transfer Certificates (regarding international issues). For instructions about obtaining transfer certificates, contact: I.R.S. Estate Tax Group 1114 International Programs SBSE; SE:S:SP:IN:T1 1111 Constitution Ave., N.W.; LE-4435 Washington, DC 20224. For questions about transfer certificates or about the estate and gift taxation of nonresidents of the United States, use (202) 874-1660. For all other estate and gift taxation questions, use (800) 829-1040. The annual exclusion for gifts made in 2004 and 2005 will remain at $11,000. Form 706 for dates of death occurring in 2004 is now available. The instructions (which include rate schedules) may be found at the "Forms and Publications" link, below. There are few significant changes to Form 706 from the 2002 version. The one change that will impact all filers is the reduction in the allowable State Death Tax Credit to 50% of the amount computed under IRC §2011(b). Note : The credit is repealed for decedents dying in 2005 and later years. NOTE regarding Extensions of Time to File/Pay U.S. Estate Tax (Form 4768, Forms and Publications link, below). Some errors are being made regarding completion and filing of this form. Be sure to file the second page and to fill in the decedent's name and social security number. Important information for Form 709/709A: Time for filing clarification : Page 4 of the instructions for Form 709 states (Under When to File ) that "...you must file the 2003 Form 709 on or after January 1...). It may not be clear, but this means that returns should not be filed until January 1 through the due date of the year following the year in which the gift is made. In other words, any gifts made in 2004 will not be due (and cannot be processed) until after December 31, 2004. Individuals who make certain qualifying gifts are required to file Form 709, United States Gift Tax Return. The 2003 version and instructions are now available at the "Forms and Publications" link, below. Notice - Form 709-A is Now Obsolete. Form 709-A, United States Short Form Gift Tax Return, is now obsolete and should not be filed. All gift tax returns must now be filed using Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return . -- 21-OCT-2003. In other news: Form 709 has been modified for the 2004 filing season (for gifts made in 2003). Click "Forms and Publications" below for the new form and instructions (which includes the rate schedule). If you are filing a request for an extension of time to file an estate or gift tax return, remember that the request must go to the Cincinnati Service Center (see the address, below), even if you file your income or other tax returns elsewhere. Links Introduction Estate Tax Gift Tax 2002 Tax Changes Frequently Asked Questions Forms and Publications Related Links Where to File and Contact Information Disaster Assistance Links FEMA (Federal Emergency Management Agency) SBA (Small Business Administration) Estate and Gift Taxes Introduction No Tax Owed Most gifts are not subject to the gift tax and most estates are not subject to the estate tax. (Only about 2% of all estates are subject to the estate tax). For example, there is usually no tax if you make a gift to your spouse or a qualified charity or if your estate goes to your spouse or qualified charity at your death. If you make a gift to someone else, the gift tax does not apply until the value of the gifts you give that person is more than the annual exclusion for the year. Even if tax applies to your gifts or your estate, it may be eliminated by the Unified Credit , refer to Publication 950 , Introduction to Estate and Gift Taxes. No Return Needed Generally, you do not need to file a gift tax return unless you give someone, other than your spouse, money or property worth more than the annual exclusion ($11,000 in 2002, 2003, 2004 and 2005) for that year. Although a return may be required, no actual gift tax will become payable until the cumulative lifetime taxable gifts exceed the applicable exclusion amount. The donor is primarily responsible for the payment of the Gift Tax. An estate tax return generally will not be needed unless the estate is worth more than the applicable exclusion amount ($1,000,000 for 2002) for the year of death. This amount is shown in the section under Unified Credit . To reemphasize: Most relatively simple estates (cash, publicly traded securities, small amounts of other, easily valued assets and no special deductions or elections or jointly held property) with a total value under $1,000,000 and a date of death in 2002 or 2003 and $1,500,000 and a date of death in 2004 or 2005 do not require the filing of an estate tax return. No Tax on the Person Receiving your Gift or Estate The person who receives your gift or your estate generally will not have to pay any gift tax or estate tax because of it. In addition, that person will not have to pay income tax on the value of the gift or inheritance received. NOTE: There are some technical applications for "Income in Respect of Decedent" under §691 that will have to be considered for income earned but not otherwise taxed prior to the date of death. No Income Tax Deduction Making a gift or leaving your estate to your heirs does not ordinarily affect your federal income tax. You cannot deduct the value of gifts you make (other than gifts that are deductible charitable contributions). If you are not sure whether the gift tax or the estate tax applies to your situation, refer to Publication 950 , Introduction to Estate and Gift Taxes. Unified Credit A credit is an amount that eliminates or reduces tax. The unified credit applies to both the gift tax and the estate tax. You must subtract the unified credit from any gift tax that you owe. Any unified credit you use against your gift tax in one year reduces the amount of credit that you can use against your gift tax in a later year. The total amount used against your gift tax reduces the credit available to use against your estate tax. In 2001, the unified credit was $220,550, which eliminated taxes on a total of $675,000 (applicable exclusion amount) of taxable gifts and taxable estate. These amounts were increased for gifts made, and for estates of decedents dying, after 2001. The following shows the unified credit and the applicable exclusion amount for the calendar year in which a gift is made or a decedent dies. For Gift Tax Purposes in years 2002 and 2003 the Unified Credit is $345,800, the Applicable Exclusion Amount is $1,000,000. For Estate Tax Purposes in years 2002 and 2003 the Unified Credit is $345,800 and the Applicable Exclusion Amount is $1,000,000. For Gift Tax Purposes in years 2004 and 2005 the Unified Credit is $345,800, the Applicable Exclusion Amount is $1,000,000. For Estate Tax Purposes in years 2004 and 2005 the Unified Credit is $555,800 and the Applicable Exclusion Amount is $1,500,000. For Gift Tax Purposes in years 2006, 2007 and 2008 the Unified Credit is $345,800, the Applicable Exclusion Amount is $1,000,000. For Estate Tax Purposes in years 2006, 2007 and 2008 the Unified Credit is $780,800 and the Applicable Exclusion Amount is $2,000,000. For Gift Tax Purposes in year 2009 the Unified Credit is $345,800, the Applicable Exclusion Amount is $1,000,000. For Estate Tax Purposes in year 2009 the Unified Credit is $1,455,800 and the Applicable Exclusion Amount is $3,500,000. Estate Tax Estate tax may apply to your taxable estate at your death. Your taxable estate is your gross estate less allowable deductions. Gross Estate Your gross estate includes the value of all property in which you had an interest at the time of death. Your gross estate also will include the following. Life insurance proceeds payable to your estate or, if you owned the policy, to your heirs. The value of certain annuities payable to your estate or your heirs. The value of certain property you transferred within 3 years before your death. Trusts or other interests established by you or others in which you have certain powers. Taxable Estate The allowable deductions used in determining your taxable estate include: 1) Funeral expenses paid out of your estate, 2) Debts you owed at the time of death, and 3) The marital deduction (generally, the value of the property that passes from your estate to your surviving spouse). For additional information, refer to Instructions for Form 706 . Gift Tax The gift tax applies to the transfer by gift of any property. You make a gift if you give property (including money), or the use of or income from property, without expecting to receive something of at least equal value in return. If you sell something at less than its full value or if you make an interest-free or reduced interest loan, you may be making a gift. The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts. Gifts that are not more than the annual exclusion for the calendar year. Tuition or medical expenses you pay for someone (the educational and medical exclusions). Gifts to your spouse. Gifts to a political organization for its use. Gifts to qualified charities (a deduction is available for these amounts). Annual Exclusion A separate annual exclusion applies to each person to whom you make a gift. For 2002, 2003, 2004 and 2005, the annual exclusion is $11,000. Therefore, you generally can give up to $11,000 each to any number of people in 2002, 2003, 2004 and 2005 and none of the gifts will be taxable. If you are married, both you and your spouse can separately give up to $11,000 to the same person in 2002, 2003, 2004 or 2005 without making a taxable gift. If one of you gives more than $11,000 to a person in any one of these years, refer to gift splitting in Publication 950 , Introduction to Estate and Gift Taxes. Gifts to individuals are not deductible on the donor's income tax returns. Related Links Legal Information Institute Thomas.gov (Legislative Information Site) Where to File and Contact Information Use the below mailing address for all tax forms filed at the Cincinnati Service Center including Estate and Gift tax returns: Internal Revenue Service Cincinnati, OH 45999 To mail FedEx packages, please use the following street address: Internal Revenue Service 201 W. Rivercenter Blvd Covington, KY 41011 For questions about return accounts and extensions only, (no tax law questions) call: 1-866-699-4083. Many general estate and gift tax law questions can still be answered by calling: 1-800-829-1040. You may also find many answers to your questions by visiting Forms and Publications . Caution: DO NOT submit tax related questions below. If you have a tax question that was not answered here or by checking Frequently Asked Questions, above, please call our toll-free tax assistance line at 1-800-829-1040 for individual tax questions or 1-800-829-4933 for business tax questions. We will not respond to tax related inquiries submitted on this page. If you have suggestions or comments (or suggested FAQs) for the Estate and Gift Tax web site, please contact us by clicking here: CONTACT ESTATE AND GIFT TAX . We will not be able to respond to your email , but will consider it when making improvements or additions to this site. Contact Us | IRS Privacy Policy