Through the end of 2014, an individual may rollover each IRA he or she owns into a new IRA one time and avoid paying tax on the rollover(s). Beginning in 2015, all IRAs owned by the taxpayer will be treated as one IRA for tax-free purposes. Therefore, only one tax-free rollover will be allowed in future tax years. Rolling over multiple IRAs will create taxable events.
For full details, visit the IRS website http://www.irs.gov/uac/Newsroom/IRS-Clarifies-Application-of-One-Per-Year-Limit-on-IRA-Rollovers-Allows-Owners-of-Multiple-IRAs-a-Fresh-Start-in-2015
The annual contribution amount excluded from gift tax remains at $14,000 for each designated beneficiary and $28,000 for each designated beneficiary for married couples who elect to split gifts on their gift tax returns. This applies for both tax years 2014 and 2015.
For more details, visit the IRS website at http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes