When Are Taxes Due - In most situations, there are NO #taxes due when gifting somebody a large sum of #money, for either the giver or the receiver. You can give $17,000 per year, per recipient without either of you having to report it.

3:46am PDT - June 16th, 2023

In most situations, there are NO #taxes due when gifting somebody a large sum of #money, for either the giver or the receiver. You can give $17,000 per year, per recipient without either of you having to report it.

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Andy Krafft, CPA, CFP® (@AndyKrafft1)