Gift Tax Calculator

You can give up to $18,000 per recipient in 2024 without it counting against your lifetime exemption or requiring a gift tax return.

No. Gifts above the annual exclusion reduce your lifetime exemption. Tax is only due when the lifetime exemption ($13.61M) is fully used.

You must file Form 709 when a taxable gift (above the annual exclusion) is made, even if no tax is owed.