Amounts given for tuition payments or medical expenses are not subject to gift taxes.

Name: Amounts given for tuition payments or medical expenses are not subject to gift taxes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The IRS allows for an unlimited amount of gifts for educational or medical purposes to be excluded from gift taxes. However, the payment must be made directly to the educational institution or medical provider, and not to the individual receiving the education or medical care.

Amounts Given for Tuition Payments or Medical Expenses Are Not