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Any tax experts here?
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<blockquote data-quote="DammitJanet" data-source="post: 599343" data-attributes="member: 1514"><p>The one thing that I have heard...and this if from a financial expert...is that you can give your children or your children can give you...up to 14,000 a year and it is tax free. That was one way that this man said you can move money around to keep it in the family and not pay taxes on a slightly larger amount of money than 14,000 but not 100,000's. Well not unless you had many kids! This way a child could give the money back to the parent when they needed it or vice versa.</p><p></p><p><img src="/community/styles/default/xenforo/smilies/smile.png" class="smilie" loading="lazy" alt=":smile:" title="smile :smile:" data-shortname=":smile:" /></p></blockquote><p></p>
[QUOTE="DammitJanet, post: 599343, member: 1514"] The one thing that I have heard...and this if from a financial expert...is that you can give your children or your children can give you...up to 14,000 a year and it is tax free. That was one way that this man said you can move money around to keep it in the family and not pay taxes on a slightly larger amount of money than 14,000 but not 100,000's. Well not unless you had many kids! This way a child could give the money back to the parent when they needed it or vice versa. :smile: [/QUOTE]
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Any tax experts here?
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