https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-gifted-money-to-my-son-niece-can-i-deduct-on-taxes/01/3798049#M129165 Is a money gift to family a deductible item? Tue, 24 Feb 2026 15:06:44 GMT catharinece 2026-02-24T15:06:44Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-gifted-money-to-my-son-niece-can-i-deduct-on-taxes/01/3798049#M129165 Is a money gift to family a deductible item? Tue, 24 Feb 2026 15:06:44 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-gifted-money-to-my-son-niece-can-i-deduct-on-taxes/01/3798049#M129165 catharinece 2026-02-24T15:06:44Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-gifted-money-to-my-son-niece-can-i-deduct-on-taxes/01/3798067#M129166 <P>Gifts given to individuals is not reported on a tax return, nor are gifts received reported on a tax return, regardless of the amount received.</P> <P>&nbsp;</P> <P>If the gift given is over $19,000 to a single individual, you are required to report the gift given to the IRS using Form 709.</P> Wed, 25 Feb 2026 17:57:28 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-gifted-money-to-my-son-niece-can-i-deduct-on-taxes/01/3798067#M129166 DoninGA 2026-02-25T17:57:28Z