Gift Tax Calculator

Estimate your federal gift tax liability using annual exclusion and lifetime exemption rules. This calculator helps you plan gifts by showing how much of your lifetime exemption remains after each gift.

Financial

Currency

Gift Amount

Annual Exclusion (per recipient)

Lifetime Exemption

Prior Lifetime Taxable Gifts

Gift Tax Rate (%)

Formula

Gift tax is a federal tax on the transfer of money or property to another person without receiving equal value in return. The annual exclusion allows tax-free gifts up to a threshold per recipient per year. The lifetime exemption covers cumulative gifts above the annual exclusion.

Taxable gift = Gift amount - Annual exclusion; Gift tax = max(0, cumulative taxable gifts - lifetime exemption) x tax rate

Percentage: The percentage value you want to apply

Number: The original number or value

Result: The calculated result

How It Works

1Enter the total gift amount being given to a single recipient.
2Enter the annual exclusion amount (currently $18,000 per recipient for 2024).
3Enter the lifetime gift tax exemption (currently $12.92 million).
4Enter any prior taxable gifts made during your lifetime.
5The calculator deducts the annual exclusion and applies the gift tax rate to amounts exceeding the lifetime exemption.

Examples

$25,000 gift, no prior gifts

1.Gift amount: $25,000
2.Annual exclusion: -$18,000
3.Taxable gift: $7,000
4.Lifetime exemption not exceeded
5.Gift tax due: $0

Result: $0 gift tax due (within annual exclusion and lifetime exemption)

$2M gift with $11M prior gifts

1.Gift: $2,000,000 - $18,000 = $1,982,000 taxable
2.Cumulative: $11M + $1.982M = $12,982,000
3.Exceeds exemption by $62,000
4.Tax at 40%: $24,800

Result: $24,800 gift tax due

Frequently Asked Questions

You can give up to $18,000 per recipient per year (2024) without filing a gift tax return. Married couples can split gifts for a combined $36,000 annual exclusion.

Yes. Gifts above the annual exclusion reduce your lifetime estate and gift tax exemption. For example, a $100,000 gift uses $82,000 of your lifetime exemption.

A gift is any transfer of money, property, or assets where you receive less than fair market value in return. This includes direct cash gifts, property transfers, and below-market loans.

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Gift Tax Planning Strategies

CalculateMe Team

Last updated: 2026-07-17

How It Works

1Enter the total gift amount being given to a single recipient.

2Enter the annual exclusion amount (currently $18,000 per recipient for 2024).

3Enter the lifetime gift tax exemption (currently $12.92 million).

4Enter any prior taxable gifts made during your lifetime.

5The calculator deducts the annual exclusion and applies the gift tax rate to amounts exceeding the lifetime exemption.

Examples

$25,000 gift, no prior gifts

1.Gift amount: $25,000
2.Annual exclusion: -$18,000
3.Taxable gift: $7,000
4.Lifetime exemption not exceeded
5.Gift tax due: $0

Result: $0 gift tax due (within annual exclusion and lifetime exemption)

$2M gift with $11M prior gifts

1.Gift: $2,000,000 - $18,000 = $1,982,000 taxable
2.Cumulative: $11M + $1.982M = $12,982,000
3.Exceeds exemption by $62,000
4.Tax at 40%: $24,800

Result: $24,800 gift tax due

Frequently Asked Questions

You can give up to $18,000 per recipient per year (2024) without filing a gift tax return. Married couples can split gifts for a combined $36,000 annual exclusion.

Yes. Gifts above the annual exclusion reduce your lifetime estate and gift tax exemption. For example, a $100,000 gift uses $82,000 of your lifetime exemption.

A gift is any transfer of money, property, or assets where you receive less than fair market value in return. This includes direct cash gifts, property transfers, and below-market loans.

Gift Tax Calculator

Formula

How It Works

Examples

$25,000 gift, no prior gifts

$2M gift with $11M prior gifts

Frequently Asked Questions

How much can I give tax-free each year?

Do gifts reduce my estate tax exemption?

What qualifies as a gift?

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Gift Tax Calculator

Formula

How It Works

Examples

$25,000 gift, no prior gifts

$2M gift with $11M prior gifts

Frequently Asked Questions

How much can I give tax-free each year?

Do gifts reduce my estate tax exemption?

What qualifies as a gift?

Related Calculators

Related Articles