Money you give your kids
Varies
Can You Write Off Money You Give Your Kids?
Short answer: No: cash gifts or allowances to family aren't deductible, though you can give up to $19,000 per person a year without filing a gift tax return.
Paying a child real wages in your business is different.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
Money you give your kids
Varies
Individuals / Personal Taxes
No: cash gifts or allowances to family aren't deductible, though you can give up to $19,000 per person a year without filing a gift tax return.
Business justification
No: cash gifts or allowances to family aren't deductible, though you can give up to $19,000 per person a year without filing a gift tax return. Paying a child real wages in your business is different.
Category
- Personal Tax Deductions