The total aggregate amount that Andy can give his two nephews and three nieces in 2021 is $75,000.
What is a gift in tax?
Inn tax, a a gift means a transfer of property for an amount lesser than its full value.
Usually, individual are allowed to allow a transfer of $15,000 per gift recipient.
Aggregrate amount = $15,000 * 5 (2 nephew+ 3 niece)
Aggregrate amount = $75,000
In conclusion, the total aggregate amount that Andy can give his two nephews and three nieces in 2021 is $75,000.
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