Per IRS Publication 559, Survivors, Executors, and Administrators, p. 25:
The general rule is that any gift is a taxable gift; however, there are many exceptions to this rule.
Generally, the following gifts are not taxable gifts:
The gift exclusion for 2013 through 2017 was $14,000 for each individual you chose to give a gift. For 2018 and 2019, the exclusion has increased to $15,000.
Please see IRS Publication 559 Introduction to Estate and Gift Taxes for more information regarding the Gift Tax.
TaxAct® supports the individual tax return, but does not support the gift tax return on Form 709. This is a separate return from the individual tax return (Form 1040).