![]() And the medical exclusion doesn’t apply to amounts paid for medical care that are reimbursed by your insurance.īe careful about making your grandchild’s tuition payments directly to a college if he or she has financial aid. However, in order to ensure these gifts are tax-exempt, you have to pay the doctor, dentist or school directly.Īlthough tuition expenses are exempt, there’s no educational exclusion for books, supplies or room and board. If the reason you want to make a gift is for your child’s or grandchild’s medical or dental bills or tuition, this money can be exempt from the annual gift limitations.
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