Gift Tax, GST, and Form 709
Free IRS Enrolled Agent SEE Part 1 (Individuals) lesson in Specialized Returns for Individuals. 16 min read, ~2,447 words.
2025 annual exclusion: \$19,000 per donee per donor; gift-splitting election doubles it to \$38,000 for married couples. 2025 lifetime exemption: \$13.99M per donor (credit equivalent \$5,389,800), unified across gift and estate tax; a separate \$13.99M GST exemption is per donor and not portable. Top transfer tax rate: flat 40% above...
Read the full lesson, free →
Worked examples, audio narration, and practice. No signup to read.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 1
- 2
- 3
Browse all free EA Part 1 lessons or jump into free EA Part 1 practice questions.