Two years ago, after our big moveย from Germany to the U.S., I sat down with my new American tax adviser and asked a seemingly simple question:
โCan I deduct the money I send to support my parents back in Hong Kong on my U.S. tax return?โ
He looked at me, paused for a moment, and then said:
โNo. Actuallyโฆ depending on how much you send, you might even trigger a gift tax.โ
Wait. What?! Gift tax?








