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Sagot :
Casey and Helen both give and receive gifts that can be taxed, so according to their common-law state, they would have to find out which of the gifts are taxable.
What is Gift Tax?
This refers to the federal tax which is levied on a taxpayer who makes a gift of either money or property to someone and is between 18-40%.
Hence, it can be noted that gift taxes are made on any valuable property which is given to another person, regardless of whether the person considers it as a gift.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
Read more about gift tax here:
https://brainly.com/question/876942
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