I'm a grandmother who wants to help pay tuition for her granddaughter to graduate school. What are my tax liabilities?
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.