Donated blood goes through testing for diseases and blood type, processing into components, leukoreduction, and storage before being distributed to hospitals for various medical needs. When a person donates blood, it’s just the beginning of a much longer process of getting blood to a person in need. Donated blood must go through several steps. First, […]
Gift income in the US is subject to a gift tax, but there are exclusions, such as a $13,000 exemption for individuals and $26,000 for couples. Recipients generally do not pay tax, but there are exceptions, such as gifts from employers to employees. Gifts that generate income are taxable, and the gift income exemption can […]
