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New Member
posted May 31, 2019 5:48:07 PM

US Citizen to Non US Citizen gift taxes

I am a US citizen, do I need to pay taxes on monetary gift to a non US citizens outside the US and how much the limit if any ?

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Level 15
May 31, 2019 5:48:09 PM

If you gift over $14,000 to a single individual during the year you are required to file a Form 709 Gift Tax return.  However, no gift taxes will be assessed if your total lifetime gifts given to all individuals are less than $5.43 million.

IRS Form 709 - https://www.irs.gov/pub/irs-pdf/f709.pdf

IRS Form 709 instructions - https://www.irs.gov/pub/irs-pdf/i709.pdf