_____ 3.Painting a house for your mother is not a taxable gift.

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According to the IRS, "The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule." One of the exceptions is that "gifts that are not more than the annual exclusion for the calendar year" are not taxable. As of 2021, the annual exclusion is $15,000 per recipient per year. If the cost of painting the house is less than or equal to $15,000 and it is a gift to just one recipient (in this case, the mother), then it would not be a taxable gift.

_____ 3Painting a House for Your Mother Is Not a Taxable