How much money can parents gift to adult children tax-free?
June 17, 2018 5:00 PM Subscribe
The gift in question would be about $100,000 from the proceeds of a house sale. If a parent gives a gift of cash to an adult child, does the adult child pay income tax on it? Is there a special tax rate on such gifts? I don't think inheritance tax would be an issue since the parent's estate is not even close to the inheritance tax threshold.