tax-free gift from a couple

Can hasband and wife each gives 11000 to their child in 2002 as gift?

Yes, each can gift $11,000 to the child.

I'm not sure if this is for school, but a 529 plan allows gifters to give the entire $55,000 lifetime gift limit in one year. The gift is recorded over the next 5 years.

i just hope this can help you..

http://www.irs.gov/newsroom/article/0,,id=107815,00.html

Jv -- why are you resurrecting 6 year old threads?

Jv -- why are you resurrecting 6 year old threads?
because im new here..maybe I can help, if not at least they have an idea..

yes they can and i wish that kid was me.