For 2021, the lifetime gift tax exemption is $11.7 million. This means that a person can give up to $11.7 million in gifts over the course of their lifetime without ever having to pay gift tax on it.
However, the IRS requires that gifts exceeding $15,000 in value must be reported to them on Form 709. @xmasbaby0 gave you a link to that form.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
