However, on some large gifts over $16,000, the giver must pay a gift tax to the IRS.

Source: https://t2conline.com/count-down-to-thanksgiving-watching-the-gift-of-giving-is-a-blessing-in-many-ways/?utm_source=rss&utm_medium=rss&utm_campaign=count-down-to-thanksgiving-watching-the-gift-of-giving-is-a-blessing-in-many-ways

In 2023, those married filing jointly could gift $34,000 without needing to file a gift tax return versus $17,000 for single people.

Source: https://www.independent.co.uk/news/ap-money-people-williams-wilson-b2423167.html

In yet other countries, there is no such concept as a gift tax.

Source: https://www.limerickpost.ie/2023/12/30/lawlink-how-can-we-gift-our-kids-homes-without-headaches/

Qualified education and medical gifts don’t count against the annual gift tax exclusion.

Source: https://www.forbes.com/sites/bobcarlson/2023/05/17/know-the-four-ways-to-make-tax-free-gifts/