{"id":33,"date":"2008-06-14T11:48:02","date_gmt":"2008-06-14T11:48:02","guid":{"rendered":""},"modified":"2016-08-04T19:52:49","modified_gmt":"2016-08-05T00:52:49","slug":"gifting-money-for-a-downpayment","status":"publish","type":"post","link":"http:\/\/margaretcanfield.com\/blog\/2008\/06\/gifting-money-for-a-downpayment\/","title":{"rendered":"Gifting Money for a downpayment."},"content":{"rendered":"<p>I frequently get asked aobut gifting money for a down payment to help out a child.  Giving your child a gift of cash for the down payment on a home works like this.  Currently, you can give up to $12,000 a year to an individual ($24,000 through gift-splitting with your spouse) and not have any gift-tax impact.  So you and your spouse could give give your adult child and his or her spouse up to $48,000 for a down payment in 2008. <\/p>\n<p>Please do talk with your financial advisor prior to any gifting of money but these are the limits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I frequently get asked aobut gifting money for a down payment to help out a child. Giving your child a gift of cash for the down payment on a home works like this. Currently, you can give up to $12,000 a year to an individual ($24,000 through gift-splitting with your spouse) and not have any [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-33","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-lake-geneva-real-estate","7":"entry"},"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/posts\/33","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/comments?post=33"}],"version-history":[{"count":1,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/posts\/33\/revisions"}],"predecessor-version":[{"id":576,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/posts\/33\/revisions\/576"}],"wp:attachment":[{"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/media?parent=33"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/categories?post=33"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/tags?post=33"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}