2026 numbers
- Annual exclusion: $19,000 per recipient ($38,000 for a married couple).
- Lifetime gift and estate exemption: $15,000,000 per person (made permanent and indexed by the 2025 law).
- Top rate 40%. Gifts to a US-citizen spouse are unlimited; to a non-citizen spouse $194,000.
FAQ
Do I pay tax if I give my child $50,000?
No tax, but you file Form 709; $31,000 counts against your $15 million lifetime exemption.
Sources (checked Nov 6, 2026): Rev. Proc. 2025-32; IRS Form 709 instructions.