In 2024, Samantha gave each of her three nephews birthday gifts of $10,450 in cash. At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $12,450 in cash. What is the amount of the total taxable gifts, if any, made by Samantha this year?
$14,700
$49,350
$67,350
Zero—none of the gifts exceed the annual exclusion.
None of the choices are correct