Federal Gift Tax Estimator

Year

Enter year of gifts (or project gift tax based upon tax provisions for year entered).

Taxable Gifts in Current Year

Enter amount of current gifts minus any exclusions or deductions (do not reduce amount of gifts by the unified credit applicable exclusion amount).

Taxable Gifts in Prior Years

Enter amount of prior gifts (post-1976) minus any exclusions or deductions (do not reduce amount of gifts by the unified credit applicable exclusion amount).

Unified Credit Used on Prior Gifts

Enter amount of unified credit (applicable credit amount) used on prior gifts.

Deceased Spousal Unused Exclusion Amount

Enter amount of the unified credit applicable exclusion amount unused by the last deceased spouse of the surviving spouse whose gift tax is being calculated here. The deceased spouse must die in 2011 or later. Portability of the DSUEA is not available for gifts made before 2011.

This is a hypothetical example intended for illustration purposes only.

This calculator calculates gift tax based upon the taxable gifts that you input. It does not show any amounts that may pass to others using an exclusion or deduction, including any additional gifts to a spouse using the marital deduction.

The deceased spousal unused exclusion amount is available only for estates of decedents dying in 2011 or later and only if an election is made. This calculator reduces the deceased spousal unused exclusion amount used to calculate the unified credit if the amount entered exceeds the basic exclusion amount for the year entered. Portability of the DSUEA is not available for gifts made before 2011.

This calculator does not take into consideration any state taxes.