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WebNov 11, 2024 · For tax purposes, your contributions will be considered gifts. You can give up to $75,000 ($150,000 per couple) in a single year to lower your taxable estate, provided you treat it as if you made it in equal amounts over a five-year period (IRS Form 709). WebWhen they started getting older and had no need for ‘things’, I give them a $1 bill for every year old they were. I’d put in a colander. They knew what they were getting, but always enjoyed it. 3 More answers below Melinda Wright Former Educator (1989–2024) Author has 750 answers and 453.1K answer views 2 y WebMay 15, 2024 · On average, most people spend $15 and $30 on a birthday gift. However, if the gift is for a family member or close friend, many will spend upwards of $50 for a gift. Your relationship with the birthday … free led light bulbs colorado springs