For 2018-2021 the annual gift tax exclusion per person was $15,000.
For 2022 the annual gift tax exclusion per person was $16,000.
For 2023 the annual gift tax exclusion per person was $17,000.
For 2024 the annual gift tax exclusion per person is $18,000.
For 2025 the annual gift tax exclusion per person will be $19,000.
Penalties aren't too much of a big deal since they're based on gift tax owed.
FWIW
