My husband & I are both giving a $ gift to our child. Both of us listed on savings account. Can we do 1 wire transfer w/notation or 2 separate transfers needed?

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My husband & I are both giving a $ gift to our child. Both of us listed on savings account. Can we do 1 wire transfer w/notation or 2 separate transfers needed?

Yes, being married, you are fine sending one wire transfer using one savings account

You can each gift $14,000 for a total of $28,000 on one wire without any gift tax.

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My husband & I are both giving a $ gift to our child. Both of us listed on savings account. Can we do 1 wire transfer w/notation or 2 separate transfers needed?

Yes, being married, you are fine sending one wire transfer using one savings account

You can each gift $14,000 for a total of $28,000 on one wire without any gift tax.

My husband & I are both giving a $ gift to our child. Both of us listed on savings account. Can we do 1 wire transfer w/notation or 2 separate transfers needed?

Thank you for quick answer!

My husband & I are both giving a $ gift to our child. Both of us listed on savings account. Can we do 1 wire transfer w/notation or 2 separate transfers needed?

You're welcome

My husband & I are both giving a $ gift to our child. Both of us listed on savings account. Can we do 1 wire transfer w/notation or 2 separate transfers needed?

Starting in 2018, the annual gift tax exclusion amount is $15,000 per individual.

<a rel="nofollow" target="_blank" href="https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-tax...>

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