Are money gifts tax deductable on income taxes?

If you gave cash to a charity, then you can take a deduction provided the charity gives you a receipt for the gift.  If the amount of the cash gift exceeds $250, then the charity must give you a special receipt.  Cash gifts to non-charities are not deductible, so if you gave your children $3500 in cash none of that is deductible.  The same would apply to noncash gifts given to your children or any other non-charity.