Gift & Generation-Skipping Tax Calculator (2026)
The annual exclusion lets you give tax-free every year; anything beyond it dips into the same lifetime pool that shields your estate and GST transfers.
Each recipient gets a fresh $19,000 annual exclusion every year — gifts up to that per person aren’t reported and don’t use lifetime exemption. Married couples can split gifts to double the shelter.
The gift, estate, and generation-skipping transfer (GST) exemptions are unified at $15,000,000 for 2026. Taxable gifts consume that pool and reduce what passes estate-tax-free later.
Not tax, legal, or financial advice
FiscTalk provides general educational information from public sources. Tax outcomes depend on your full facts, filing history, and jurisdiction-specific rules that change yearly. Before filing or making decisions, consult a licensed CPA, EA, or attorney. FiscTalk is not a fiduciary and is not affiliated with the IRS or any state agency.
Sources & methodology
Figures as of: 2026-08-09
- IRS — Tax inflation adjustments for tax year 2026 (Rev. Proc. 2025-32) — Internal Revenue Service
- IRS Pub. 15 (Circular E), Employer’s Tax Guide 2026 — Social Security wage base $184,500 — Internal Revenue Service
- IRS Pub. 15-T (2026), Federal Income Tax Withholding Methods — Internal Revenue Service
- IRS Form 1041-ES (2026) — capital gains rate thresholds — Internal Revenue Service
- OBBBA (One Big Beautiful Bill Act), Pub. L. 119-21 — SALT, estate, QBI, QSBS, senior deduction — Internal Revenue Service