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Learn gift tax rules, annual exclusions, and lifetime exemptions. Discover how gift tax impacts estate planning and wealth transfer strategies for families.
You can give up to $19,00026 USC § 2503(b); Rev. Proc. 2025-32Verified Feb 4, 2026 per child each year without triggering gift tax or filing requirements. If you're married, you and your spouse can each give this amount to the same child, effectively doubling the tax-free gift to $19,00026 USC § 2503(b); Rev. Proc. 2025-32Verified Feb 4, 2026 times two annually. Gifts above this threshold require filing Form 709 but typically won't result in actual tax owed until you exceed your lifetime exemption of $15,000,00026 USC 2001(c), 2010; P.L. 119-21 §70106Verified Jan 2, 2026. Most families never pay gift tax due to these generous limits.
