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Gift splitting is reported using Form 709. Line 12: You'd check 'Yes' here to give your consent to have any gifts made by either of you treated as being given by both of you. Line 13: The name of the consenting spouse goes here. Line 14: Here, you'd enter the consenting spouse's Social Security number.

For married couples, the limit is $17,000 each, for a total of $34,000. This amount, formally called the annual gift tax exclusion, is the maximum amount you can give a single person without reporting it to the IRS. If you gift more than this sum, you must file a federal gift tax return in 2024.

The gift is treated as half from the taxpayer and half from the taxpayer's spouse. Because spouses may not file joint gift tax returns, each spouse would then report half the value of the gift on their respective Forms 709.

Couples can split gifts and avoid paying any gift taxes, too. If you're a married couple and decide to split the gift, make sure you file Form 709, which is the gift tax return. Correction?: A previous version of this article misstated that couples can avoid filing Form 709 if they decide to gift split.

Hear this out loud PauseOregon's circuit courts are general jurisdiction trial courts of the U.S. state of Oregon. These courts hear civil and criminal court cases. The state has 27 circuit court districts, most of which correspond to the boundaries of Oregon's 36 counties.

Steps for Making a Financial Power of Attorney in Oregon Create the POA Using a Form, Software or an Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Recorder's Office.