In addition to this, it's per person. If you have Mom + Dad in the picture, each can gift 15K, and if it's to a couple, they can each gift 15K to each member o

In addition to this, it's per person. If you have Mom + Dad in the picture, each can gift 15K, and if it's to a couple, they can each gift 15K to each member of the couple. Thus you can pass down 60K each year without any sort of forms/taxes.