What is the maximum monetary gift for the year 2013? This question is regarding parents gifting children without tax ramifications

13K per parent

For 2013 you can give up to $14,000 without any tax concerns. If you give more than that you must file a gift tax return, though it's unlikely that any gift tax would actually be owed. And since you used the plural word "parents" - each parent may give $14K to the same child, for $28K total.

Scott - the exclusion used to be $13K for 2009-2012, but is $14K for 2013 and beyond. Reference: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes

Didn't hear that they changed it, thanks for the correction.