Gift Tax Lifetime Exemption Calculator
Build a multi-year gift ledger across recipients, spouses and 529 elections, then see what remains of the unified lifetime exemption.
Lifetime exemption remaining
$14,690,000New taxable gifts
$310,000Estimated tax above exemption
$0Estimated Form 709 filing years: 5. Gift splitting is an election and generally requires Form 709; the five-year 529 election allocates one contribution across five annual exclusions.
A ledger, not a filing return
The planner tracks simplified present-interest gifts. Appraisal discounts, trusts, community property, non-citizen spouses, GST transfers and prior-period adjustments require separate review.
Gift planning questions
What is the 2026 annual gift tax exclusion?
The annual exclusion is $19,000 per donor, per recipient for qualifying present-interest gifts in 2026.
What is the 2026 lifetime gift and estate exemption?
The unified federal lifetime exemption is $15,000,000 per individual in 2026. Taxable lifetime gifts generally reduce the exemption available to the estate.
How does the five-year 529 election work?
A donor may elect on Form 709 to treat a qualifying 529 contribution as made ratably over five years, using up to five annual exclusions.
Does gift splitting avoid Form 709?
No. Gift splitting is an election reported on Form 709. Each spouse has a separate annual exclusion and lifetime exemption.
Sources
Related Calculators
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