IRC §2503 & §2505 · Form 709

Gift Tax Planner

Annual exclusion, lifetime exemption, GST. Keep the IRS out of family generosity.

Number of recipients

Average gift per recipient (2024)

Filing/election

Lifetime exemption already used

Of these gifts, % going to grandchildren / skip persons

Direct tuition or medical paid (§2503(e))

Your 2024 gift snapshot

Annual exclusion per recipient

Total covered by exclusion

Total gifted

Amount using lifetime exemption

Lifetime exemption (IRC §2505)

2024 cap: $13,610,000 per donor · Used after this year: $0 · Remaining: $0

GST exemption (IRC §2631)

2024 GST cap: $13,610,000 (same as lifetime). Skip-person gifts this year: $0. File Form 709 to allocate.

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Have our office prep your Form 709

2024 amounts per IRS Rev. Proc. 2023-34. Lifetime exemption sunsets to ~$7M after 2025 absent legislation. Direct tuition / medical paid to provider does not count (IRC §2503(e)). Phone 689-331-5723.