Legal Question in Tax Law in Illinois

how much can i give tax free to my children every year


Asked on 3/02/12, 7:56 am

1 Answer from Attorneys

You can gift up to $13,000 per child per year without having to file a gift tax return. If you are married, your spouse can also gift an equal amount.

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Answered on 3/02/12, 7:49 pm


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