Who pays the Gift tax?

[jenb2mc]

If I give someone a monetary gift do either of us have to pay any taxes on the money given?

[Lakeisha]

Gifts are neither taxable or deductible on your tax return.  Any gift to an individual that exceeds $14,000 in a year requires a separate gift tax return to be filed (Form 709-United States Gift and Generation-Skipping Transfer Tax Return) by the giver - the receiver of the gift does not report anything.