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How much money can you give to your child tax free?
+1
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asked
May 3, 2018
in
Other-Finance
by
dgru
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410
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How much money can you give to your child tax free?
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1 Answer
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May 4, 2018
by
Adf289
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You can give your child or any other family member up to $14,000.00 per year as a gift without being taxed on the gift.
If you give one child more than $14,000.00 in one year then you'll need to report the amount you've given your child as gift tax.
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