Gift Tax Calculator
Calculate federal gift tax on transfers, understand exclusions, and plan estate tax impact.
Gift Details
Cash: Value equals amount transferred.
Educational/medical payments directly to institution/provider are unlimited exclusions.
Future interest gifts (e.g., trust with restrictions) do not qualify for annual exclusion.
Donor Lifetime Gift History
Gift Tax Exclusions
Original Gift Amount$$50000.00
Annual Exclusion (single)-$$18000
Taxable Gift$$32000.00
Lifetime Exemption Analysis
Prior Lifetime Taxable Gifts$$0.00
This Gift (Taxable)$$32000.00
Total Lifetime Taxable Gifts$$32000.00
Lifetime Exemption (2026)$$12920000
Exemption Used$$32000.00
Exemption Remaining$$12888000.00
Amount Over Exemption$$0.00
No Gift Tax Due - Within Exemption
Taxable gift $$32000.00 within lifetime exemption $$12920000. No tax due now. Exemption remaining: $$12888000.00. Must file Form 709 to report if over annual exclusion.
Estate Tax Impact
Donor Net Worth$$1000000.00
Lifetime Exemption Used$$32000.00
Estate Exemption Available$$12888000.00
Lifetime gifts reduce estate tax exemption. Estate tax (40%) applies to estate value over available exemption. Gift now vs leave in estate: consider tax impact.
Gift Tax Rates (Unified with Estate Tax)
$0-$10K
18%
$10K-$20K
20%
$20K-$40K
22%
$40K-$60K
24%
$60K-$80K
26%
$80K-$100K
28%
$100K-$1M
30-39%
Over $1M
40%
Form 709 Requirements
File Form 709 if: gift exceeds annual exclusion, future interest gift, gift splitting elected, GST allocation needed. Due April 15 following gift year. Report all taxable gifts. Track lifetime exemption usage. Educational/medical exclusions: no reporting needed for direct payments.
Gift Planning Strategies
Annual exclusion gifts: Up to $18,000 per recipient yearly, tax-free. Gift splitting: Married couples can give $36,000 per recipient. Educational/medical: Unlimited if paid directly. Crummey trust: Qualify future gifts for annual exclusion with withdrawal right. Valuation discounts: Family business transfers may use minority/marketability discounts. Charitable lead trust: Gift to charity then remainder to heirs.
Key Points
Gift tax unified with estate tax (same exemption). 2026 lifetime exemption: ~$12.92M. Annual exclusion: $18,000 per recipient. Spouse: Unlimited marital deduction. Educational/medical: Unlimited direct payment exclusion. GST tax: 40% on generation-skipping gifts. File Form 709 for taxable gifts. Gifts reduce estate exemption. State gift tax: Most states have no gift tax.