If you give $20,000 in gifts to each child in 2020, you’d have a taxable gift of $5,000 each, and that would use up a small piece of your $11.58 million exemption.

Nikki and her husband, Marty Tomczak, shared a TikTok video asking, “Parents of adult children: At what age did you guys start slowing down on Xmas gifts for them?” They explained that in ...

Dear Eric: I recently received a “Christmas wish list” from one of my husband’s adult children. This adult child is in their late 40’s, married and living in a two-income household, both ...

As a mother of 3 adult children, the hardest thing in life is standing back when your kids need help and letting them figure it out on their own or watching them struggle. Wanting to 'rescue' them ...

You and your spouse can each give up to $18,000 a year to each of your children tax-free. Even larger gifts typically only count against your lifetime exemption, without your children owing taxes ...

Dear Eric: I recently received a “Christmas wish list” from one of my husband’s adult children. This adult child is in their late 40′s, married and living in a two-income household, both ...

Parents debate when they can finally stop giving adult children expensive Christmas gifts. Kaleigh Werner. Tue, December 24, 2024 at 8:12 AM UTC. 3 min read.

Miss Manners: Should adult children be soliciting cash gifts for parents’ 50th anniversary? Published: Oct. 23, 2023, 11:53 a.m. 50th anniversary notice comes with a solicitation of gift money.

My wife and I each have traditional IRAs and Roth IRAs in addition to a joint regular stock account. We’re just entering our 80s. We’d like to start distributing some of these funds to our two ...

3 Ways to Prevent Holiday Drama With Your Adult Children How to foster harmony, connection, and mutual respect this holiday season. Posted November 22, 2024 | Reviewed by Monica Vilhauer Ph.D.