how much money can a child give a parent tax free
Regardless of your child's age, certain rules apply across the board if you want to give money tax-free. As of January 2015, you can give up to $14,000 individually or $28,000 as a married couple to your child annually without paying taxes.However, you must still file Form 709 for amounts above these levels.he so-called kiddie tax on investment income applies to a child under 19 years of age or a student under 24 years old who receive dividend distributions above a given level from a stock gift. As of 2015, the child will be taxed on any amount above $1,050, at the parents' rate.