C
choochoo7
Guest
I have been providing financial support to a young woman for the past year. She is a part time student and does not hold a job .I send her a check from my personal account each month for a total of $4,000, which she deposits in her checking account. She uses this money for monthly living expenses and tuition.She has no other income other than what I provide to her. My question is: Does she have any tax consequences with regard to the money she receives from me, eg gift tax? Does any of this money need to be declared?