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Reply to "Inheritance/gift to child and spouse or just child?"
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[quote=Anonymous]So after we got married, my mom gave us money up to the annual gift limit. Then the limit was $11,000 a year to one person. But she wanted to give us $40k. So she wrote a check to me, and then a check to my DH in December. And in January, she did the same thing. So she was able to give us $40k in 2 months, and stay under the taxable amount. We put it aside of our down payment on a house, so keeping it separate wasn't a huge issue.[/quote]
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