Hi, In the movie "Shawshank Redumption", it says that one can givea maximum of $60,000 one time only to ones wife and take a tax deduction.Is this the correct rule ? I have only wages earned and tax deducted at source. Can I gift such an amount to my non-working wife and claim tax exemption ? Can anybody point me to the correct IRS publication that talks about this ?Thanks,Harsha
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