Irs Gift Tax Form 709 2024. You can use this gift tax calculator to determine the amount of tax you owe over a given taxation period. If you made substantial gifts this year, you may need to fill out form 709.
If you’ve given someone a gift worth more than $17,000 in 2023, you probably need to file irs form 709 for the 2023 tax year (filed in 2024). Unlike the income tax return, spouses can’t file a joint form 709 but must file separate gift tax returns.