Lara, May & Associates, LLC

7600 Leesburg Pike
Suite 120 East
Falls Church, VA 22043
800-842-8834
information@laramayllc.com
www.laramayllc.com
 
 




Federal Gift Tax Estimator
Federal Gift Tax Estimator

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

$

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

$

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).

$

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

$

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.



IMPORTANT DISCLOSURES Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2018.