2026 Gift Tax Picture
Without election · per recipient excl.
$19,000
With §2513 election · per recipient
$38,000
Taxable gift · NO election
$0
Taxable gift · WITH election (combined)
$0
Lifetime exemption used (no elect)
$0
Lifetime exemption used (split, each)
$0
Form 709 must be filed by the giving spouse. Consenting spouse signs a Notice of Consent attached to Form 709. Election covers all third-party gifts by either spouse in the calendar year (Form 709 instructions).
2026 figures: $19,000 annual exclusion (§2503(b)), $15,000,000 lifetime exemption (§2010), per IRS Rev. Proc. 2025-32. Educational tool, not legal advice. Call 689-331-5723 or email info@zerofusstaxes.com.