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Get your taxes done using TurboTax
For 2025 the max is 19,000. You don't report gifts given or received on your personal tax return. If someone gives more than $19,000 (2025) to any one person, the giver might have to file a gift tax return form 709 to deduct the gift off their lifetime 5.43 million dollar exclusion but there won't be any taxes due.
May 4, 2025
10:11 AM