Introduction Gifting money or property to loved ones should feel like a joyful moment — not a tax headache. Yet many Americans wonder: “If I give my child $50,000 for a house down payment, will the IRS tax it?” That’s where Gift Tax Rules USA Explained come in. The IRS has clear guidelines about when gifts are taxable, when they’re exempt, and who is responsible for paying. Here’s the surprising truth: Most people will never actually pay gift tax. Thanks to generous annual exclusions and a multi-million-dollar lifetime exemption, only a small fraction of wealthy families ever write a check to the IRS for gift taxes. In this guide, we’ll…