Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

bif

(24,542 posts) Mon Dec 27, 2021, 08:44 AM Dec 2021

I heard it used to be $14,000/year. Has this changed?

10 replies

= new reply since forum marked as read

Highlight:

Is there a limit to how much you can give your child tax free? [View all] bif Dec 2021 OP

My dad thought it was $0 nt doc03 Dec 2021 #1

Funny mine too. jimfields33 Dec 2021 #2

Good one! bif Dec 2021 #4

It's 15 this year janterry Dec 2021 #3

Is that per parent? multigraincracker Dec 2021 #5

doesn't that depend on how you file? janterry Dec 2021 #6

Yes, each parent can gift up to $15K in 2021. sinkingfeeling Dec 2021 #7

So each kid can get 15k tax free, correct? bif Dec 2021 #8

With two parents, each gifting, the kid gets $30K. sinkingfeeling Dec 2021 #9

IRS link .... eppur_se_muova Dec 2021 #10