Gift tax

Ohio resident. Understand that $10,000.00 a year is tax free. Can 1 person receive 10,000.00 from two different people, totalling $20,000.00, without being taxed?

Ohio resident. Understand that $10,000.00 a year is tax free. Can 1 person receive 10,000.00 from two different people, totalling $20,000.00, without being taxed?

You are correct. The gift tax is imposed on the giver, not the person who receives the gift, so you would not be taxed on any gift given to you.

The person giving gifts can give each year up to $10,000 each to as many persons as s/he wants without tax. And as many people as you would want can give you up to $10,000 each, without gift tax.

Does this mean if someone wants to gift "party A" $20,000.00, they could give them 10,000 then give "party B" 10,000 and have "party B" give "party A" 10,000 to get around paying taxes?