United States gift tax exclusions for 2026
United States federal gift tax distinguishes an annual exclusion for qualifying gifts from the basic exclusion used for estate and gift tax credits.
- Annual gift exclusion, 2026
- $19,000 per recipientIRS, Revenue Procedure 2025-32
- Basic estate and gift tax exclusion, 2026
- $15,000,000IRS, Revenue Procedure 2025-32
Annual exclusion
For calendar year 2026, the first $19,000 of gifts to any person are excluded from taxable gifts. Gifts of future interests do not qualify for this annual exclusion. IRS, Revenue Procedure 2025-32 (opens in a new tab).
Basic exclusion and lifetime gifts
Revenue Procedure 2025-32 states a $15,000,000 basic exclusion for 2026. This amount is used in determining the applicable credits against estate and gift tax. IRS, Revenue Procedure 2025-32 (opens in a new tab).
Scope
This guide does not determine remaining exemption after prior gifts, filing obligations, portability, gift splitting, special spouse rules or state taxes. General information only, not personalised estate or tax advice.