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New Member
posted May 31, 2019 7:45:18 PM

What is the maximum amount that a relative can gift you in a fiscal year without it being taxed?

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1 Replies
New Member
May 31, 2019 7:45:20 PM

$14,000 is the gift tax exclusion amount for 2016 and 2017. 

In other words, a taxpayer may give $14,000 to as many people as he/she wishes without impacting his/her lifetime gift tax exclusion or paying gift taxes.

More information can be found here: IRS Gift Tax FAQ