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Posted by Janet Dronet 1 year ago In:

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Janet Dronet
Janet Dronet Asked:

How much money can I give my children per year without a penalty?

How much money can I give to my children peer year without a tax penalty on either side e

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Elden
Elden Answered:

Filing StatusMinimum Gross Income (under 65)Minimum Gross Income (65+) Single $9,500 $10,950 Head of Household $12,200 $13,650 Married Filing Jointly $19,000 $20,150 (one spouse)
$21,300 (both spouses) Married Filing Separately $3,700 $3,700 Widow with Dependent Child $15,300 $16,450

Read more: http://www.mydollarplan.com/money-file-taxes/#ixzz1nz7g1nVF

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Eva Norris, enrolled agent
Eva Norris, enrolled agent Answered:

Non taxable gift limit is $13,000 per recipient per year.

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