"Irrevocable trust" is vague....there are differing types and terms but usually:
1. Gifts to trusts are gifts to the beneficiaries.
2. No maximum dollar amount but over $18k to each beneficiary and a 709 needs to be filed.
3. Trusts do not have to pay taxes on gifts to the trusts.....which are gifts to beneficiaries........unless the donors exceed their lifetime exclusion of over $13 million.
