<prompt> Human: So lets say I receive 14k in gifts from 3 different people within 1 year totaling 42k. Do I have to pay tax on that amount?  <response>: You never have to pay tax on gifts of any amount from any source.The givers dont have to report the gift to the IRS if it is less than 15kyr to any one person. If more, they do have to report it, but will still not pay any tax, just have the amount over 15k knocked off their lifetime gift and estate allowance of 11m.Write nice thank you notes.Good luck. 