Giving money to

Content starts here

CLOSE ×

AARP MEMBERSHIP

AARP Membership — $12 for your first year when you sign up for Automatic Renewal

Get instant access to members-only products, hundreds of discounts, a free second membership, and a subscription to AARP the Magazine.

Join Now

Renew Now

You're this close to getting so much more ...

Get access to this and all Members-Only discussions, plus a world of member Benefits when you Join AARP!

Become an AARP Member for $12 Already a member? Login >

Members Only

My Settings Guidelines

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. Example...you 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 .

Kid

1,179 Views

never-displayed

More From AARP

Test your knowledge and see how much you know with a new game every day! Special opportunities for AARP Members and Rewards participants. Play now!

AARP Right Again! Trivia