<prompt> Human: Hello Reddit!My boyfriend and I are purchasing our first home and my parents are generously gifting us the down payment money 66,000. My parents are concerned that if the check includes my name AND my boyfriends name that they will have tax implications for making the gift. Does anyone know anything about this? Thank you in advance!- Sarah  <response>: There are no tax implications on the gift. Since it is over the annual gift limit, they do have to fill out an IRS form and it counts against their lifetime contribution but the gift does not trigger any taxes. : 