IANAL. The IRS allows gifts (bona fide no-strings-attached gifts) from individuals to individuals up to $13,000 per year with no tax required†. After $13,000 it

IANAL. The IRS allows gifts (bona fide no-strings-attached gifts) from individuals to individuals up to $13,000 per year with no tax required†. After $13,000 it is the responsibility of the giver to pay taxes on the gift, not the recipient. To be clear, the person receiving gifts can receive up to $13,000‡ per giver tax-free. There is no limit on how much a recipient may receive as a gift without paying tax. gittip does not even approach these limits, and if it did then the giver would file Form 709, and there would be no 1099. † http://www.irs.gov/businesses/small/article/0,,id=108139,00.html http://www.irs.gov/businesses/small/article/0,,id=108139,00.... ‡ married couples may collectively give up to $26,000 per recipient per year