Most households don't have to worry about the gift tax. For 2025, you can give up to $19,000, per person, to as many people as you want without triggering any taxes. This is the annual exemption.

The smartest gifting method will depend on factors like the purpose of the money and when you want your child to have access to it. Popular options include 529 plans, Roth IRAs, custodian accounts ...

There are other exceptions to the rules which are relevant here, and the first one is gifting money to a spouse. When one spouse gifts to a spouse, whether it's over the $16,000 or not, it is tax ...

A few years ago, my in-laws gave our oldest child and another grandchild generous monetary gifts when they turned 13 in the same year. The other grandchild had a bar mitzvah that year, but we’re ...

FP Answers: I am sorry to hear about your spouse’s health issues, John. Planning at a time like this can be difficult. From a tax standpoint, Canada does not have gift or inheritance tax, but ...

Consider giving a gift to your grandchild that keeps on giving. You can invest money for your grandchildren that will help build a brighter financial future for them.

If you are in a position to give to your grandchildren, there are practical gifts that can help your next generation learn financial responsibility. New Haven Register Logo Hearst Newspapers Logo.

The £3,000 tax exempt gift allowance is available to each grandparent each year and if not used can be carried forward for one year only. If your grandchildren marry, each grandparent can give a ...

Most households don't have to worry about the gift tax. For 2025, you can give up to $19,000, per person, to as many people as you want without triggering any taxes. This is the annual exemption.

How much money you can gift your grandchildren without triggering gift taxes depends on how many people you're giving money to, and how much you've gifted in the past. Eric Reed Fri, Mar 28, 2025 ...