Home Down Payment Gift Tax Calculator
Gifting money to family members, such as helping with a home down payment, is subject to annual and lifetime IRS gift tax exclusion rules. Use this calculator to see how much of your gift is excluded and how much may need to be reported on a gift tax return.
About this calculator
Calculate how much of a gift (like a home down payment) falls within the annual IRS gift tax exclusion and how much may need to be reported.
Frequently Asked Questions
What is the annual gift tax exclusion?
It's the amount you can give to any one person each year without needing to file a gift tax return. This amount is set by the IRS and adjusts periodically for inflation.
Does reportable gift amount mean I owe tax?
Not necessarily. Amounts above the annual exclusion count against your lifetime estate and gift tax exemption, which is very large, so most people won't owe actual tax, but the gift may still need to be reported.
Can a married couple combine exclusions?
Yes, spouses can each give the annual exclusion amount to the same person, effectively doubling it through gift-splitting.