<prompt> Human: California, USAJust a quick question. We seen we were able to donate up to 14,000 per person, per child of ours, remaining a tax free gift. Can this be claimed as a tax deduction any way, or does it lower our taxable income at all? Does age of the offspring matter?  <response>: Youre not donating 14kperson, youre gifting it. Giving your child money isnt a donation. It doesnt affect your taxes at all unless you gift over 14kyear. Then you need to write it off against your lifetime, potentially increasing the tax liability of your estate. 