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Insert your card erectile dysfunction medicines hcpc The Internal Revenue Service allows you to gift up to $14,000 per year to as many people as you\'d like without triggering the gift tax. Married couples can agree to split a gift and collectively give up to $28,000 to one person, but a widow or single person is limited to $14,000 per year (and that amount does not roll over from year to year). If you give more than $14,000 to one person other than your spouse in a calendar year, you are supposed to file a gift tax return, also called IRS Form 709.