Q: How much money can my mother give her children before she dies before some kind of tax or penalty kicks in?
A: Your mother can give any individual person up to $14,000 in any calendar year without having to report the gift to the IRS - meaning no 709 gift tax return to be filed and no gift tax to be paid for up to that amount. If she gives more than the $14,000 in any calendar year, she will have to report the gift and pay the appropriate tax.
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