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I'm a grandmother who wants to help pay tuition for her granddaughter to graduate school. What are my tax liabilities?
Wiki User
∙ 17y ago
I'm not sure what you mean about your tax liabilities, but you can give $12000 per year to any individual without triggering the gift tax. So, you could contribute that amount to your granddaughter to apply towards tuition. I'm not aware that there would be any problems if you paid the tuition bills yourself either. Tell her to contact the school's financial aid office.
Wiki User
∙ 17y ago
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