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Reply to "Parents of bride and groom - how to handle"
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[quote=Anonymous]We still don’t know the gift is larger than $30,000. Because each person can give any person $15,000 without triggering a gift tax form required to be filed by the gift giver that then, at the death of the giver, is applied against the recipients’ $12,000,000 lifetime exclusion. So you and DH each can give DS and DIL $15k, so a total of $60,000 to the couple, IRS says fine, no paperwork required. As others have said, you could also pay the venue or caterer, in any amount. That’s up to you. People with plenty of money, do both (give $ gifts and pay for large ticket items directly). [/quote]
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