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EducationGift Tax Flow Chart
By Josh87
Category: Education. Viewed 562 times. Created December 2013.     Disclaimer.   
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Help to determine gift tax consequences.
               
Is there a gift? §2501, §2502, §2505. Also see POA §2514, Disclaimers §2518.
YES
 Was the gift less than $14,000? §2503(b) Or Charitable (§2522) or Marital (§2523)?
NO
 Was the gift for education or medical and directly to the institution? §2503(e)
NO
 There is a taxable gift that is carried over to the Estate Tax Return. §2001(b)(1)(B) See GST §2601.
 


NO
YES
YES




 
 Continue to Estate tax.
The rate is calculated using §2502. Applied the credit using §2505.