The maximum is $18,000 in 2024 to your adult children and any number of people every year, without facing any gift taxes or filing a gift tax return. The recipient does not need to report the gifts.
Further details: https://turbotax.intuit.com/tax-tips/estates/the-gift-tax/L1sFpFeXV##
Have an amazing day. Evelyn M (CPA 20+ years)
I would love a thumbs up 🙂 + Mark the post that answers your question by clicking on "Mark as Best Answer"
