<prompt> Human: I think I understand, but not positive so Im asking you all. If I want to help someone pay down their credit card debt ,does the amount that I directly pay the credit card company count towards the 14k that I can annually gift that person?Or can I gift them the 14k and directly pay their debts as I go without having to worry about gift taxes with the IRS?Assistant: remember that you can gift someone up to 14k annually without it affecting your larger lifetime limit which is some large amount like 150k or something like that jk its 5.34 millionSo, if you gave someone 15k this year, you could but your lifetime limit would be reduced by 1k.this is just how I remember the rule without looking it up, someone else may be able to explain better.Human: What about a loan under 10k, where I dont have to collect interest?Assistant: You can loan someone the 10k on top of the 14k in one year then just forgive the loan in the next year as a part of your 14k for that year. Human: How many times is this able to be done? Is it one 10k loan per year?  <response>: Unless you plan on gifting more than 5 million within your lifetime, you can just gift them however much you want. 