Money Matters: Giving Money to Kids & Grandkids
Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.
Cary, NC — For 2016, the IRS allows you to give up to $14,000 annually (or $28,000 if you give jointly with your spouse) to each of as many people as you’d like in cash, investments and/or property without triggering gift taxes (this limit may be adjusted for inflation in future years). Read more