can you gift an ira to a spouse
You can take money from your IRA account to give to your spouse, children or grandchildren to pay for approved higher education expenses without paying a penalty for the early withdrawal from your IRA.You will owe any applicable taxes on the withdrawal, but tuition expenses are exempt from gift taxes.ou can take money from your IRA account to give to your spouse, children or grandchildren to pay for approved higher education expenses without paying a penalty for the early withdrawal from your IRA.