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If you receive a gift of 30000 dollars from my dad for a down payment on a house do I have to pay taxes on it?
Wiki User
∙ 14y ago
Gift tax is anything over $12,000. However, if you are married (living together, whatever), you can each receive $12,000 without tax. Actually, the one giving the gift is liable for the tax on it.
Wiki User
∙ 14y ago
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Can you receive a tax refund over 10000 dollars?
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30000 dollars
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Probably not. It may be possible if you qualify for any FHA loan. Your credit score isn't horrible, but your income is very low. You would have to have a very large down payment to offset the cost of the house. The bank needs to know that you'll be able to make your payments.
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What is meant with interest payment calculator in finances?
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$700
