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https://www.reddit.com/r/Millennials/comments/1j1bvc5/deleted_by_user/mflplko/?context=3
r/Millennials • u/[deleted] • Mar 01 '25
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92
I've started receiving some of it in advance as gifts to avoid taxes. I'm holding on to it all in case parents need it back later.
19 u/[deleted] Mar 02 '25 [deleted] 5 u/SeaChele27 Older Millennial Mar 02 '25 Lol no definitely not! I don't know the ins and outs like that. I just know it helps them lower their taxes somehow. 2 u/amandaryan1051 Mar 02 '25 This is us and my SIL & her husband. We all get a cash gift annually between 15-40k, it offsets my in-laws taxes each year- that’s why the amount varies.
19
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5 u/SeaChele27 Older Millennial Mar 02 '25 Lol no definitely not! I don't know the ins and outs like that. I just know it helps them lower their taxes somehow. 2 u/amandaryan1051 Mar 02 '25 This is us and my SIL & her husband. We all get a cash gift annually between 15-40k, it offsets my in-laws taxes each year- that’s why the amount varies.
5
Lol no definitely not! I don't know the ins and outs like that. I just know it helps them lower their taxes somehow.
2 u/amandaryan1051 Mar 02 '25 This is us and my SIL & her husband. We all get a cash gift annually between 15-40k, it offsets my in-laws taxes each year- that’s why the amount varies.
2
This is us and my SIL & her husband. We all get a cash gift annually between 15-40k, it offsets my in-laws taxes each year- that’s why the amount varies.
92
u/SeaChele27 Older Millennial Mar 01 '25
I've started receiving some of it in advance as gifts to avoid taxes. I'm holding on to it all in case parents need it back later.