Honored Social Butterfly

Giving money to

Many or most do not know that you can give money, above the $15,000.


Its IRS form 709.  The money you give you report and it goes aginist the amount you can give at your death. give $80,000 to say Bob.  And if you have a estate of under the taxable amount which is 5 million Bob pays no tax.  Most states also have estate taxes. 


We gave one of our children money so he could pay off his homes mortgage and will file a form 709 . 

Showing results for 
Show  only  | Search instead for 
Did you mean: 
Need to Know

"I downloaded AARP Perks to assist in staying connected and never missing out on a discount!" -LeeshaD341679

AARP Perks

More From AARP