How much money can you gift without taxes?

[RSKY]

Thanks for the info.

RSKY

 

[Tpondel]

When needing qualified financial and tax advice, always best to go to a tractor forum.

 

[riptides]

When needing qualified financial and tax advice, always best to go to a tractor forum.

Someone will always point out to seek professional help.

Others point out direct experience.

Is good to cover all bases and be open to others experiences.

 

[dougtrr2]

If you want to check and see how the process works I am willing to send you my full name and address so you can send me a check. Heck, I'll even drive there and pick up the check in person.

Doug in SW IA

 

[KennyG]

I max out on the allowable (non-reportable) gifts to my kids every year, not because they need it or because I think I will exceed the current estate tax threshold, but because the estate tax limits can be changed any year with the stroke of a congressional pen. At the rate debt is increasing I think it's only a matter of time before they start looking for any politically acceptable way to generate more government income.

 

[riptides]

I max out on the allowable (non-reportable) gifts to my kids every year, not because they need it or because I think I will exceed the current estate tax threshold, but because the estate tax limits can be changed any year with the stroke of a congressional pen. At the rate debt is increasing I think it's only a matter of time before they start looking for any politically acceptable way to generate more government income.

Better to give while alive, so many factors come into play. Control, satisfaction, pride, emotions, direct results,,etc. etc.