In 2015 John gave his wife Sarah gifts that total 250000. Sarah is a U.S. citizen. None of John's gifts are terminable interest property. Considering all allowable exclusions and deductions how much i?

In 2015, John can exclude the annual gift tax exclusion of $14,000 per recipient, which means he can exclude $28,000 for his wife Sarah. This leaves $222,000 subject to gift tax. However, since Sarah is his spouse, gifts between spouses are generally unlimited and not subject to gift tax, so the entire $250,000 can be given without incurring any gift tax liability. Therefore, John can give Sarah the full amount without any tax consequences.