<prompt> Human: A relative deposited 14,000 into my bank account as a gift for 2017. They did it literally on the last day of the year 1230, saturday. It shows as processing on my online app, and on the copy of the paper statement they received it shows Jan 2 as the date. According to the rules at the bank any deposits made on a saturday, sunday, or holiday are marked as processing and until the end of the next business day, which in this case would be Jan 2. The relative is concerned that because of this, they cant mark it as a 2017 gift on their tax return. Is this a problem?  <response>: They did it literally on the last day of the year 1230, saturday.The last day of the year is December 31st.Also, gifts are not taxable to the receiver and are counted at time of distribution for the giver. Neither you nor the gift giver has anything to worry about in regards to timing. 