I want to give each of my 2 kids a gift of roughly $60,000.
Strategy = You can give each kid $36,000 (combined) before the end of the year (2024) without filing a 709 gift tax return. You can then give each kid up to $38,000 (combined) in January of 2025 without filing a 709 gift tax return.
As mentioned, you won't owe any tax even if you exceed the annual exclusion unless you are over the lifetime exemption ($13.6 million).
