Gift Tax Calculator

Calculate gift tax exposure against annual exclusions and the lifetime allowance.

About Gift Tax Calculator

Annual exclusions apply per recipient and can be doubled by gift splitting, so a couple giving to two recipients has four exclusions available. Amounts above that consume lifetime exemption before any tax is due. Very few gifts ever attract actual tax because the lifetime exemption is large, but reporting obligations arise well below that threshold.

Formula

Gift Tax

Taxable gift = gift − annual exclusions; tax applies only above the lifetime exemption

annual exclusion: Per recipient per year, requiring no reporting or exemption use
gift splitting: Married couples can combine exclusions, doubling the amount

Worked example

With the default values below, Gift Tax Calculator returns Taxable Gift of $0.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Gift amountminimum 0: 60,000
Annual exclusion per recipientminimum 0: 19,000
Number of recipientsminimum 1: 2
Gift splitting with a spouseone of Yes, No: Yes
Lifetime exemption remainingminimum 0: 13,000,000
Gift tax rate above the exemptionaccepts 0–60 %: 40 %

Results

Taxable Gift: $0.00
Total Annual Exclusion Available: $76,000.00
Lifetime Exemption Consumed: $0.00
Gift Tax Due: $0.00
Lifetime Exemption Remaining After: $13,000,000.00

Step by step

1Values used
2Gift Tax
3Taxable Gift= 0.00
4Total Annual Exclusion Available= 76,000.00
5Lifetime Exemption Consumed= 0.00
6Gift Tax Due= 0.00
7Lifetime Exemption Remaining After= 13,000,000.00

Assumptions and limits

The result is derived only from the 6 inputs listed above. Anything not among them is not part of the calculation.
In particular, this calculator does not take inflation or fees or charges into account.
Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
This is a general illustration, not financial, tax or legal advice. Rules, thresholds and rates vary by jurisdiction and change frequently, and individual circumstances materially affect outcomes. Consult a qualified adviser before making any decision based on these figures.
This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

This is a general illustration, not financial, tax or legal advice. Rules, thresholds and rates vary by jurisdiction and change frequently, and individual circumstances materially affect outcomes. Consult a qualified adviser before making any decision based on these figures.

Frequently Asked Questions

How is Gift Tax calculated?

Taxable gift = gift − annual exclusions; tax applies only above the lifetime exemption Annual exclusions apply per recipient and can be doubled by gift splitting, so a couple giving to two recipients has four exclusions available. Amounts above that consume lifetime exemption before any tax is due.

Why does Gift Tax matter?

Very few gifts ever attract actual tax because the lifetime exemption is large, but reporting obligations arise well below that threshold.

What values do I need to enter?

This calculator takes 6 inputs: Gift amount, Annual exclusion per recipient, Number of recipients, Gift splitting with a spouse, Lifetime exemption remaining, Gift tax rate above the exemption. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.