[fella]

From the IRS; FAQ on gift tax. $14,000 this year and $15,000 next year.

[KevinB]

From the IRS; FAQ on gift tax. $14,000 this year and $15,000 next year.

That is the annual gift tax exclusion, the amount you can gift to a single person each year without filing a gift tax return. If in any year you gift more than that, you will have to file a gift tax return, but that return will not show any gift tax due until you have gifted more than the unified tax credit, currently about $5.5m.