Always check with a CPA before filing taxes, but typically, the homebuyer doesn’t pay taxes on any gifts received. The donor may need to pay taxes on gift amounts over $16,000 in 2022 and $17,000 in 2023. The donor may be able to avoid paying taxes by giving two borrowers on the loan individual gifts of $16,000 each in 2022, for a total gift of $32,000. Check with your CPA before transferring any funds.