Large deposits to my account
in Banking, Insurance & Loans ·
So, what would you guys actually do if someone handed you a gift of $100 $0.00 (like, say, at a wedding)? Would you go the cash-in-an-envelope route, or just have them wire it directly to your account? And how does that work—does the wife get $50,000 and the husband gets $50,000 separately? From what I’ve been reading online, maybe it’s $50,000 total and then you gotta deal with some 4% tax hit or something?