topic Can I deduct money given to Grandchildren? in After you file

Can I deduct money given to Grandchildren?

7cbfletcher — Mon, 23 Feb 2026 10:40:17 GMT

Where do I take deductions given to Grandchildren?

Re: Can I deduct money given to Grandchildren?

Anonymous_ — Thu, 19 Jan 2023 22:07:22 GMT

@7cbfletcher wrote:
Where do I take deductions given to Grandchildren?

No. Your grandchildren are not recognized charities. Further, if you give each more than $17,000 this year (or $16,000 in 2022), you need to file Form 709.

See https://www.irs.gov/instructions/i709#en_US_2022_publink16784xd0e649

Re: Can I deduct money given to Grandchildren?

DoninGA — Thu, 19 Jan 2023 22:07:52 GMT

Gifts given are not reported on a tax return. Gifts received are not entered on a tax return.

If you gave a gift to a single individual in the amount that was greater than $16,000 in 2022 then you have to report the gift given to the IRS using Form 709.