08/31/2026
A very common question that I’m often asked is regarding giving and receiving gifts for a down payment. It’s very common for an established couple to gift their adult children money so they can get into the housing market, but they’re often concerned if there will be a random modification on their taxes. I do my best to stay in my lane and just focus on the loan, but according to a tax strategist that I just recently met with, you would have to gift a lot of money before there was any tax penalty.