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Level 2
posted Jul 3, 2025 6:12:53 PM

Will I owe additional tax if I send $15000 to my parents in a different country?

If I transfer  $15,000 to my parents abroad, will that trigger any additional tax obligations for me?

Is there any limits/rules that I should be aware of ?

0 1 454
1 Replies
Level 15
Jul 4, 2025 7:21:41 AM

Since the amount is less than the gift exclusion amount ($19,000 in 2025) there are no tax implications.