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June 18, 2020
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Cash Gift from a single parent to a married couple

  • June 18, 2020
  • 1 reply
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I have read that the 2020 limit for a gift from a single parent to a son or daughter without having to file additional tax paperwork is $15,000.  If the son or daughter is married does this amount double to $30,000 to keep it so that the parent does not need to file additional IRS paperwork?  If so, can the gift be made as one large gift to their son/daughter, such as a check for $25,000,  or should the amount be split between the married son/daughter and their spouse, such as a check to one for $12,500 and a check to the other for $12,500?

    Best answer by Anonymous_

    Yes, the amount should be split as in the example you posted (i.e., the donor can gift up to $15,000 to each donee).

     

    See https://www.irs.gov/instructions/i709#idm140554801429376

    1 reply

    Employee
    June 18, 2020

    Yes, the amount should be split as in the example you posted (i.e., the donor can gift up to $15,000 to each donee).

     

    See https://www.irs.gov/instructions/i709#idm140554801429376