Does a gift to an adult child under $15,000 can be tax deductible?

[Mike9241]

 generally, gifts are never deductible. the exceptions are those business related as follows:

1) business gifts of $25 per year per recipient.

2) items costing $4 or less that contain an imprint of the taxpayer's name and the item is one of a number of identical items the taxpayer widely distributes

3) signs, display racks, or other promotional materials used on the business premises of the recipient 

4) incidental costs but only if it does not add substantial value to the gift

5) awards of tangible property costing $400 or less given to an employee for length of service or safety achievement. if the award is part of an established written plan that does not discriminate in favor of highly compensated employees the max is $1,600 annually per employer (not employee) 

[NCperson]

simple answer: no.  

personal gifts to other, regardless of the amount, are not tax-deductible, 

[xmasbaby0]

Gifts given to family members, friends or other individuals are not deductible.   Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.

If your gift exceeds the yearly limit ($19,000 per individual)  imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax.

TurboTax does not support Form 709.  It is not an income tax form and would not be included as part of an income tax return.

Here is a link to the form:

https://www.irs.gov/pub/irs-pdf/f709.pdf

https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N

Here's a link for Form 709 preparation software:

 https://www.puritas-springs.com/product-category/federal

Here are some useful videos on the Form:

https://www.youtube.com/watch?v=a5wJow5h-No

https://www.youtube.com/watch?v=5Z_28sVOrTY