<prompt> Human: My folks are gifting me money to help with a down payment. Originally they were going to give me roughly 50K and I was going to pony up about 20K. Based on this: It looks like they can exclude 30K from gift tax 15K from mother and 15K from father and then give me another 20K next year, tax free. However, I talked to my loan originator and he said that you dont have to pay down payment assistance from family gifts, but that I should consult a CPA to confirm lets all agree on that point. Im also wondering if the 50K should be a loan instead though that might be more of a pain. Question:- How can I avoid having this gift be taxed and up to how much?- The underwriter is going through Freddie Mac Fannie Mae, should I use a private underwriter instead?Thanks in advance.Edit: Sadly my parents dont have 11 million to donate and I just read this: So, theyll have to report, but it wont affect their taxes.  <response>: 15Kper person per year is just the reporting limit, they wont pay taxes until they each gift 11.2 million in their lives. 