<prompt> Human: Other information: All of it is going into the down payment on the house.The rest of my savings are going into fixing the house.I will most likely NOT have 15k to give to the IRS next year.So many responses! Im overwhelmed! Thanks for all your help gals and pals!  <response>: Unless you anticipate a large inheritance from this same family member, neither of you will owe any tax. The giver will have to declare the gift and it counts against the lifetime exclusion limit, which is millions of dollars so it probably doesnt affect you. 