Can each parent give $14,000 to their child (Total $28,000) without needing to file Form 709

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Can each parent give $14,000 to their child (Total $28,000) without needing to file Form 709

Yes

Can each parent give $14,000 to their child (Total $28,000) without needing to file Form 709

And if the child is married you can each give $14K to the spouse for a total of $56K.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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