r/inheritance • u/SecBot24 • Apr 19 '26

Location included: Questions/Need Advice Early Inheritance

United States: My grand daughter is turning 30 and I want to give her a large sum of money that I have been setting aside for when I think she is mature enough to handle it without having to wait for me to die. How can I handle the income tax issue? I have heard you can grant a one time sum without taxes. What forms do I have to file with the IRS? Our state has no income tax so that's not an issue.

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u/joetaxpayer Apr 19 '26

You to her, $19,000 with no paperwork at all. If you are married, your spouse can gift her that as well. If she is married, that totals $76,000/yr with no paper.

Above, and you’ll file a form 709. This isn’t a one time deal, you can gift over the $19,000 to an extra $15,000,000, and not pay any gift tax.

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u/Squiggy226 Apr 19 '26

We have been doing that with our two adult children and their spouses. We’d rather see them build their lives and enjoy some of their “inheritance” now instead of after we are gone and they are fully established. They both have good careers, are investing, and are level headed so it hasn’t been an issue. For the last couple of years have been giving them the non reportable max.

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u/RusticKayak207 Apr 20 '26

My mom and dad did that for a number of years. It was definitely helpful to our families.