Skip to content
KKalkWise
Tax

Gift Tax Calculator

Find out whether your gifts trigger gift tax after exclusions.

Updated July 2026 · Figures verified July 2026 (sources) · Editorial standards

Gift tax owed
$0
Taxable gift (uses lifetime exemption)
$22,000
Lifetime exemption remaining
$14,978,000
Total gifts$60,000Tax-free under annual exclusion$38,0002026 exclusion / recipient$19,000

Gift details

$
$

Key figures

Gift tax owed
$0
Taxable gift
$22,000
Tax-free under annual exclusion
$38,000
Lifetime exemption remaining
$14,978,000

No gift tax is owed — the $22,000 taxable gift draws down your lifetime exemption ($14,978,000 remaining).The 2026 annual exclusion is $19,000 per recipient; gifts above that reduce your $15.00M lifetime exemption before any tax applies.

Gift tax owed
$0
By KalkWiseVerified against official sources Updated July 2026

What is the gift tax calculator?

In short

In 2026 you can give up to $19,000 per recipient with no gift tax and no paperwork (the annual exclusion). Gifts above that draw down your $15 million lifetime exemption before any 40% gift tax applies. Giving $30,000 to two people ($60,000 total) creates a $24,000 taxable gift, but no tax is owed unless your lifetime exemption is exhausted.

Applies the annual gift tax exclusion and lifetime exemption to your gifts to determine the taxable amount, remaining lifetime exemption, and any gift tax owed.

How to use this calculator

  1. 1Enter how much you're giving each recipient.
  2. 2Enter the number of recipients — each gets their own $19,000 exclusion.
  3. 3Enter how much of your lifetime exemption you've already used.
  4. 4See the taxable gift, remaining exemption, and any tax owed.

The formula

taxable=gifts−($18,000×recipients)
tax=max(0,taxable−exemption)×40%
taxable = gifts − ($19,000 × recipients); tax = max(0, taxable − remaining exemption) × 40%
exclusion
— $19,000 × number of recipients
taxable
— total gifts − annual exclusion
exemption
— $15M lifetime − amount used
tax
— max(0, taxable − exemption) × 40%

Worked example

The scenario

You give $5,000,000 to one child after already using your full $15M lifetime exemption.

gives

The result

Annual exclusion: $19,000. Taxable gift: $4,981,000. With no exemption left, gift tax owed = $4,981,000 × 40% = $1,992,400. (Below the lifetime cap, the same gift would owe $0 and simply reduce your remaining exemption.)

Common use cases

  • Parents gifting money to children or funding 529 plans.
  • Estate planning to transfer wealth and reduce a future taxable estate.
  • Tracking lifetime exemption usage across multiple years of gifts.

Limitations & assumptions

  • Uses the top 40% gift tax rate — actual rates are graduated for amounts above the exemption.
  • Does not model gift splitting between spouses, which can double the exclusion.
  • OBBBA (2025) made the elevated lifetime exemption permanent — $13.99M in 2025, rising to $15M per person in 2026, indexed thereafter. The previously scheduled post-2025 sunset no longer applies.

Frequently asked questions

You can give up to $19,000 per recipient per year with no gift tax and no need to file a gift tax return. There's no limit on the number of recipients.

Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.