How much money can I give my child in 2021?

How much money can I give my child in 2021?

$15,000 In 2021, you can give up to $15,000 to someone in a year and generally not have to deal with the IRS about it. In 2022, this increases to $16,000. If you give more than $15,000 in cash or assets (for example, stocks, land, a new car) in a year to any one person, you need to file a gift tax return. Mar 2, 2022