What You Can Give Tax-Free in 2026
Did you know you can give up to $19,000 to as many individuals as you would like during 2026 without generally having to report those gifts on a federal gift tax return?
The $19,000 annual exclusion applies per recipient. For example, you could give $19,000 to each of your children, grandchildren, or other individuals without using any of your lifetime gift and estate tax exemption.
For married couples, each spouse has a separate $19,000 annual exclusion. As a result, a married couple can potentially give up to $38,000 per recipient in 2026. Special rules apply when spouses elect to split gifts, and Form 709 may be required.
These amounts are the same as they were in 2025.
What is the deadline for 2026?
The gift must generally be made by December 31, 2026, to qualify as a 2026 gift.
What happens if you exceed $19,000?
If you give more than $19,000 to one individual during 2026, you may be required to file Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return.
This does not necessarily mean you will owe gift tax. In many cases, the amount above the $19,000 annual exclusion simply reduces the amount of your lifetime gift and estate tax exemption.
Will I owe taxes on the gifts?
For most taxpayers, it is unlikely that a gift tax will actually be due.
Beginning in 2026, the federal lifetime gift and estate tax exemption is $15,000,000 per individual. A married couple may have up to $30,000,000 of combined exemption, assuming each spouse has the full exemption available.
For example, if you give your child $100,000 during 2026, the amount above the $19,000 annual exclusion would generally be a reportable gift. However, if you have sufficient lifetime exemption remaining, you would generally not owe gift tax on that gift.
Are there any exceptions I should be aware of?
Yes. There are several situations where the gift tax reporting rules can be different.
For example, gifts of certain future interests may require a Form 709 even when the gift is $19,000 or less. In addition, married couples who elect to split gifts may have Form 709 filing requirements.
The IRS provides additional information about gift tax filing requirements and exceptions:
IRS – Gifts & Inheritances FAQs
Should I consult my tax professional?
Gift tax rules can become complex, particularly when gifts involve real estate, investments, business interests, trusts, or large amounts of money. If you are considering making a significant gift in 2026 or have questions about whether you need to file Form 709, we recommend consulting your tax professional before making the gift.
We’re happy to help you understand the potential tax and reporting implications.