how much money can i give a person tax free
In 2015, a taxpayer can give up to $14,000 per person per year without being taxed on the gift. For example, this year you could give Friend A $14,000, Friend B $14,000, and your sister $14,000 and not be taxed on your gifts.nother way to say itâ¦ I can give $13,000 to a zillion people tax free, but the moment I give $13,001 to one person, that extra $1 is now taxable, but can be eliminated by the first dollar of the $5 million exclusion.