How do I claim money that was gifted to me when filing my taxes?
How much money can I give as a gift to my daughter tax-free?
Is a mission trip tax deductible?
Is severance pay taxed if you agree to an early retirement?
Is there such a thing as a tax deductible hot tub?
What are tax deductible expenses?
What is the average property tax deductible on federal tax in Arizona?
What if I was giving it to my broke kid?
No, the money transfer is not tax deductible. If you were giving to an organization or charity, it could be considered deductible (but you would have to keep records of it). It is not deductible to give to your child.
I have transferred money twice and i have not been charged for transferring the money up till now. So i think it is not deductible.
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