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June 5, 2019
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I sent my son $1900 last year, can he claim that as income, because he didn't work. He and my other son live together and my other son has autism ?

  • June 5, 2019
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    Best answer by Melaine

    No he does not have to claim it as income.  You are allowed to give $14,000 as gift each year to your child without them paying taxes on it.  Please see excerpt below, taken from IRS Frequently asked Questions on gift tax.  You can also select the link to learn more about Gift Taxes and the IRS.

    How many annual exclusions are available?

    The annual exclusion applies to gifts to each donee. In other words, if you give each of your children $11,000 in 2002-2005, $12,000 in 2006-2008, $13,000 in 2009-2012 and $14,000 on or after January 1, 2013, the annual exclusion applies to each gift. The annual exclusion for 2014, 2015, 2016 and 2017 is $14,000.



    1 reply

    MelaineAnswer
    Employee
    June 5, 2019

    No he does not have to claim it as income.  You are allowed to give $14,000 as gift each year to your child without them paying taxes on it.  Please see excerpt below, taken from IRS Frequently asked Questions on gift tax.  You can also select the link to learn more about Gift Taxes and the IRS.

    How many annual exclusions are available?

    The annual exclusion applies to gifts to each donee. In other words, if you give each of your children $11,000 in 2002-2005, $12,000 in 2006-2008, $13,000 in 2009-2012 and $14,000 on or after January 1, 2013, the annual exclusion applies to each gift. The annual exclusion for 2014, 2015, 2016 and 2017 is $14,000.