close
    How much money can you give grown kids without them having to report to IRS as income

    0  Views: 309 Answers: 2 Posted: 13 years ago

    2 Answers

    I believe that would be $10,000
    It is now $11,000 or $12,000. it's gone up the past year or so. And if you give them more, YOU must report it, not them and pay taxes on it.


    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18061 / Questions: 154
    Karma: 1101K
     
    Colleen
    Answers: 47270 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11322 / Questions: 160
    Karma: 838K
     
    Benthere
    Answers: 2392 / Questions: 30
    Karma: 760K
    > Top contributors chart
    452313
    questions
    719723
    answers
    754241
    users