gift for her $300 image
Fortunate
The total gift is $300,000.
Answer
No gifts are never income to the receipient. Enjoy!
No gifts are never income to the receipient. Enjoy!
do you set a limit when giving gifts to your husband/wife?
Daisy
if you do,how do you decide the amount when husband and wife earn different amounts?
like,if husband earns $150,000 and wife earns $50,000 per year how do you set the amount when buying gifts for the wedding anniversary?
is it he buys her gifts worth $100 and she buys him gifts worth $100
or
is it he buys her gifts worth $300 and she buys him gifts worth $100 etc?
Answer
My husband and I combine our income rather than worrying about who earned what. We do set limits on gifts, but we discuss it before each holiday/birthday based on our current financial position. (We are in grad school, and usually don't have much money to spend. This past year, my husband got a larger stipend, so we were able to revisit how much we spend on gifts.) When we set a price limit, we have the same limits to follow; it isn't weighted based on our incomes.
That being said, you should figure out what works best for you two. This is a conversation to have with your spouse, not with people on the internet.
My husband and I combine our income rather than worrying about who earned what. We do set limits on gifts, but we discuss it before each holiday/birthday based on our current financial position. (We are in grad school, and usually don't have much money to spend. This past year, my husband got a larger stipend, so we were able to revisit how much we spend on gifts.) When we set a price limit, we have the same limits to follow; it isn't weighted based on our incomes.
That being said, you should figure out what works best for you two. This is a conversation to have with your spouse, not with people on the internet.
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