Gifts without equal return may be taxable and must be reported on Form 709 when they exceed the $19,000 2025 annual exclusion, are future interests, involve non‑citizen spouse limits, or include gift splitting. The 2025 lifetime exemption is $13.99 million, so most filers owe no immediate tax. File a paper Form 709 by April 15, 2026 (Oct. 15 if extended) and keep records for exemption tracking.
