are wedding monetary gifts taxable?

[loufurut]

If the bride receives monetary gifts via venmo from a large number of guests,

totaling to 5  or 6 digits, will she need to pay tax or if venmo reports it to IRS or state tax?

[xmasbaby0]

GIFTS

Money that you receive as a gift is not taxable income to you, and you do not need to report it on your income tax return.  Money that you gave as a gift to someone else is not deductible for your taxes.

Turbo Tax does not support the gift tax form 709, but here is a link:

https://www.irs.gov/pub/irs-pdf/f709.pdf

https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N

https://www.forbes.com/sites/ashleaebeling/2017/10/19/irs-announces-2018-estate-and-gift-tax-limits-...

[Jrueteo]

Wedding monetary gifts are generally not taxable in the United States, as they are considered non-taxable gifts and fall below the federal gift tax exclusion threshold.

[Jrueteo]

Wedding monetary gifts are generally not taxable in the United States, as they are considered non-taxable gifts and are not subject to income tax for the recipient.