When you give your son $75,000 for his down payment, the gift exceeds the annual exclusion by $57,000 and exhausts the ...

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax. Using this for a down payment also does not affect the result. A financial ...

The Gift Tax Exclusion Doesn't Equal a Deduction. Marlene, a 75-year-old listener, wrote in to ask whether she could give her 50-year-old son $17,000 to help with student loans and get a tax ...

The post I Want to Give Money to My Son and His Wife. ... How Much Can I Gift My Son and Daughter-in-Law Without Paying Taxes? Eric Reed . Wed, Apr 23, 2025, 8:30 AM 10 min read.

Q: I would like to transfer my 1999 Toyota Corolla to my son as a gift. I’m on disability, so what documents do I need to fill out? Where can I find them? A: This is one of the most popular ...

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax. Using this for a down payment also does not affect the result. A financial ...