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Does the IRS really allow you to give 60 thousand dollar tax-free gift to your wife?
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January 1st, 2013
In the Shawshank Redemption, Andy tells the head guard that he can keep his inheritance if he gives it to his wife. He says the government allows a one time gift to your spouse without paying taxes on it.
Was this ever a real life thing like this? Does it still exist?
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