25/08/2026
π Did You Know? 2026 Gift Tax Update
For 2026, the federal annual gift-tax exclusion remains $19,000 per recipient. This generally means an individual can give up to $19,000 to each recipient during the year without using their lifetime gift and estate tax exemption.
If gifts to a recipient exceed the annual exclusion, a Form 709 filing requirement may apply even when no gift tax is immediately payable.
Thoughtful gift and estate planning can help you understand reporting requirements before making significant transfers.
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