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However, there are ways to get around the tax. For instance, two parents could give up to $56,000 to a child and the child's spouse by making four separate gifts of $14,000. "The easiest way to accomplish this is to write four individual checks," List says. "If one parent writes a check for $28,000, then the two parents have to file a gift tax return and agree to split the gift." If parents want to gift more than $56,000, they could choose to file a gift tax return and count that money toward the lifetime exclusion of $5.25 million per gift giver.
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