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    how much can we gift our children without being taxed

    0  Views: 228 Answers: 1 Posted: 14 years ago

    1 Answer

    I think that you are allowed to gift $10,000 per year and your spouse is also allowed to gift that same amount per year, per child.  You both can gift grandchildren as well.  


    This was true a few years ago, so you may want to contact H&R Block, IRS, or your accountant.


     



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