transfer of funds to qualify as a single gift

[ml Schilling]

What is the name of your state?What is the name of your state? Arizona
If my wife and I want to give four gifts($11,000 ea) to my parents. If we paid off one of their credit card over $11.ooo balance how should we do that to make sure the payment qualified for more than one gift?

 

[Snipes5]

Just give your parents the gifts. If you and your wife write four separate checks (or more) totalling the amount of the gifts, you should be fine.

Snipes