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joint gifts from my wife and I to daughter and son in law

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N

norgail

Guest
If my wife and I give a joint gift to our daughter and son-in-law jointly of 25,000, does this meet the gift tax exclusion of 10,000in one year? To wit, 6250 each from me to my daughter and son in law and the same for my wife
 


ShyCat

ShyCat

Senior Member
You and your wife could give your daughter and son-in-law up to $40,000 without triggering the gift tax.
 
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