Let's discuss Gifts in general. Any US citizen has the right to make gifts up to $14,000 per year to any number of individuals regardless of their relationship to you. If the gift in any one year to any one individual exceeds $14,000, then the person making the gift must begin to use up a portion of their lifetime gift and estate tax exemption of $5,430,000. (Yes, that big number is correct) However, no gift up to the limit of the exemption requires the payment of a tax either by the person makeing the gift or the recipient of the gift. If one were to make a gift in excess of $14,000 to any one person in any one year, the grantor of the gift is required to file a gft tax return and acknowledge using a portion of their lifetime exemption. So in answer to your specific question, gifts may not be taxable but in some circumstances a gift tax return is required to be filed. I hope this helps and good luck
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