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Get your taxes done using TurboTax
No, you don't need to report this. For 2025, the IRS annual gift tax exclusion limit is $19,000.
If you were to exceed this amount (per recipient), you would be required to report the gift on IRS Form 709, which is a separate filing from your 1040.
See: The Gift Tax Made Simple for more information.
‎February 23, 2026
6:41 PM