Ask Terry Questions Tax law question

Tax law question

By Terry Savage on June 01, 2024 | Wild Card

How do I gift my daughter $18,000 as a tax free gift. I am 68 years old and she is 44.

Terry Says

You simply write her  a check!  It is not a tax deduction to you — And it is not taxable income to her!

Isn’t that nice!!



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