Grandparents paying tuition

Happytimes2001
Fri, 12 Oct 2018 13:25:32 +0000

I’d check with your CPA and have them check with their CPA. That is possibly the best gift anyone could ever give. That aside, if I were the “gifted” I would like to be able to write off the 14K ( or whatever it is) that can be gifted to anyone each year. Perhaps they don’t care about tax implications. But thinking of a couple of hundred thousand dollars or more could impact their estate as well. IRS rules can change but there are most definitely implications on one end or the other.