- Jul 12, 2013
- 19,292
- 20,148
if i recall, it is taxable to the giver, not the one receiving. typically, there is a certain threshold before you actually have to pay tax on the gift. that is, if they consider this as a gift and not some type of service where she earned income
i def would not be posting cash and luxury items and inviting the world to know what i have at home. which is a whole other issue.
Pretty sure it’s around $15k a year is tax free as a gift. And that is from each individual. One person could give you $15k tax free, and another person could give you $15k tax free.