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*Loan,banking and credit>>>child tax

If i had some money to give to my children, how much could i give them without them paying tax on money given?


If i had some money to give to my children, how much could i give them without them paying tax on money given?

I think that it is three thousand per year for lifetime gifts.
I must congratulate you on getting give in a question 3 times!
I believe you can give up to $10000 each to them tax free...I'd consult your CPA. PEACE!
ask a bank/building society about child trusts.... shouldn't pay tax.. only incurr interest
Do a trust fund foxy lady for your children
if u have some extra $$$$, you can pass some on down this way.
we surely could use a financial blessing in our lives right now. this is on the serious side. not kidding around here. maybe god will put it in your heart to help us out, even with a small portion. that would help us out a great deal !!!
i think anything less than 25k. years ago we were blessed with 25 k to purchase our homes & i know for a fact that we weren't taxed on that amt.
god bless u, & here's my email address just in case god speaks to your heart.
www.mamalu69@yahoo.com
or mamalu69@yahoo.com
take care & god bless.
hopefully your children will appreciate what you're doing for them & what you're going to do for them. i would. may god continue to bless you & your life so you can bless others as well as your children. that's a blessing in itself.
......why do people answer when they don't have an answer????

Here is a site (IRS)

You can gift $12k to as many people as you want. If you are married, your spouse can gift $12k to as many people as he wants. IE, each of your kids can receive $24k with no tax consequence for tax year 2006. You can gift more, but then you pay gift tax.
Here is the site:

http://www.irs.gov/formspubs/article/0,,...
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tax year income tax business tax car tax child tax cigarette tax corporate tax estate tax import tax inheritance tax
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