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Returning Member
posted Jun 18, 2020 1:27:40 PM

Cash Gift from a single parent to a married couple

I have read that the 2020 limit for a gift from a single parent to a son or daughter without having to file additional tax paperwork is $15,000.  If the son or daughter is married does this amount double to $30,000 to keep it so that the parent does not need to file additional IRS paperwork?  If so, can the gift be made as one large gift to their son/daughter, such as a check for $25,000,  or should the amount be split between the married son/daughter and their spouse, such as a check to one for $12,500 and a check to the other for $12,500?

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1 Best answer
Level 15
Jun 18, 2020 2:42:12 PM

Yes, the amount should be split as in the example you posted (i.e., the donor can gift up to $15,000 to each donee).

 

See https://www.irs.gov/instructions/i709#idm140554801429376

1 Replies
Level 15
Jun 18, 2020 2:42:12 PM

Yes, the amount should be split as in the example you posted (i.e., the donor can gift up to $15,000 to each donee).

 

See https://www.irs.gov/instructions/i709#idm140554801429376