At least when it comes to taxes, kids can help reduce the amount you owe ... than the tax you owe,” Greene-Lewis says. [Read: Do You Owe the IRS? How to Find Out] Bottom line: The less you ...

So, if you give your daughter or son-in-law more than $19,000 each, or $38,000 together, you’d need to file a gift tax return ...

This income is likely to hit during their peak earning years, pushing them into very high tax brackets. Clearly, this is a first-world problem. But do you want your kids to inherit that kind of ...

It’s important to note that if you do make a split gift, you must file IRS Form 709, a gift tax return. If you’re feeling charitable toward your kids, you can also go over the gift limits.