Gift Tax
Learn gift tax rules, annual exclusions, and lifetime exemptions. Discover how gift tax impacts estate planning and wealth transfer strategies for families.
How much can I give my kids each year without paying gift tax?
You can give up to $19,000 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 $19,000 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 $15,000,000. Most families never pay gift tax due to these generous limits.
