Married couples can combine their exclusions to gift $38,000 to one individual.

If a child is buying a house with a partner, two parents can gift a total of $76,000 ($19k x 4) in 2026 entirely tax-free and without paperwork. 2. Use the Lifetime Exemption

If your gift exceeds the annual limit, you still likely won't owe immediate taxes. Everything You Need To Know About Tax-Free Family Gifting

You can give up to each year without reporting it to the IRS or paying any tax.