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Frequently asked questions on gift taxes

Internal Revenue Service (IRS)

Claims Supported by This Source

  1. The annual exclusion is $19,000 per donee for both 2025 and 2026. Even if you give $19,000 to each of your children, the exclusion applies to each gift.
  2. Each spouse has their own exclusion, so a couple can give $38,000 per donee (in 2025 and 2026).
  3. Under a law enacted on 4 July 2025 (Public Law 119-21), the basic exclusion amount for 2026 is $15,000,000.
  4. For small gifts within the annual exclusion, professional help is often not needed.

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