@21norman02 wrote:
So a husband and wife CAN give a total of $30K to a relative with no tax consequences??
Yes. The husband can give $15,000 and the wife can give $15,000 to the same individual without having to file a Form 709 with the IRS.
There would be no tax consequences until the Lifetime exclusion of all gifts ever given of $11.7 million was exceeded in 2022.
