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If I sent my family $5000 do I need to file this in my taxes? If so how?

I gave my parents a helping hand and gave them this hefty sum. do i need file it? if so, what type of form do i use, and how would it affect their taxes?
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If I sent my family $5000 do I need to file this in my taxes? If so how?

You do not claim it on your income tax return.  They do not claim it no their own income taxes. It is a gift.

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If I sent my family $5000 do I need to file this in my taxes? If so how?

You do not claim it on your income tax return.  They do not claim it no their own income taxes. It is a gift.

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