A married couple with four children may give tax-free gifts up to ________ each year to their children.

Name: A married couple with four children may give tax-free gifts up to ________ each year to their children.
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Question

Quizplus · Accepted Answer

According to the current tax laws, a married couple with four children can give tax-free gifts up to $28,000 per recipient annually. Therefore, for four children, the maximum total tax-free gifts a married couple can give is $112,000 ($28,000 x 4). Thus, option D is the correct answer.

A Married Couple with Four Children May Give Tax-Free Gifts