Gift Tax Calculator
Gift Tax Calculator. A donor enters gift amount, annual exclusion, prior taxable gifts, remaining lifetime exemption, and a rate to estimate reportable and taxable gift amounts. Use it before making a non-routine gift or reviewing a gift-tax filing question.
Result
Estimate
How to interpret this result
Applicability and limits
Calculation basis
Formula
Calculation logicFormula definitions and substituted values.
Reportable Gift
max(Current gift ($) - Annual exclusion ($), 0)
max(Current gift ($) - Annual exclusion ($), 0)Taxable Gift After Exemption
max(Reportable Gift + Prior taxable gifts ($) - Lifetime exemption remaining ($), 0)
max(Reportable Gift + Prior taxable gifts ($) - Lifetime exemption remaining ($), 0)Gift Tax
Taxable Gift After Exemption * Gift tax rate (%) / 100
Taxable Gift After Exemption * Gift tax rate (%) / 100How to interpret this result
Gift Tax Calculator starts with a professional planning example for this scenario. Edit the inputs to replace the example with your own facts; the displayed outputs update from the formula.
Gift Tax Calculator starts with a professional planning example for this scenario. Edit the inputs to replace the example with your own facts; the displayed outputs update from the formula.Applicability and limits
This is a simplified transfer-tax estimate. It does not determine gift splitting, present-interest status, valuation discounts, payment of gift tax, portability, or Form 709 reporting.
This is a simplified transfer-tax estimate. It does not determine gift splitting, present-interest status, valuation discounts, payment of gift tax, portability, or Form 709 reporting.Calculation basis
Only the named inputs and displayed formula relationships are used. Rates, limits, thresholds, eligibility flags, dates, and jurisdiction assumptions are not silently looked up unless a verified dataset is listed.
Only the named inputs and displayed formula relationships are used. Rates, limits, thresholds, eligibility flags, dates, and jurisdiction assumptions are not silently looked up unless a verified dataset is listed.What to check
- A donor enters gift amount, annual exclusion, prior taxable gifts, remaining lifetime exemption, and a rate to estimate reportable and taxable gift amounts.
- Use it before making a non-routine gift or reviewing a gift-tax filing question.
- This is a simplified transfer-tax estimate. It does not determine gift splitting, present-interest status, valuation discounts, payment of gift tax, portability, or Form 709 reporting.
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