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Get your taxes done using TurboTax
It is per person as the giver of the gift. So you could give $14,000 to each of your parents for a total of $28,000 and your wife could give to each of your parents for another $28,000. So $56,000 could be given to your parents without either you or your wife having to file a Form 709.
‎June 3, 2019
11:14 AM