are wedding monetary gifts taxable?

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-11-2-million-per-couple/#3226e75d4a4b

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.

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.