https://ttlc.intuit.com/community/retirement/discussion/gift-tax-form-709/01/3613470#M245828 <P>How do I calculate the total gift tax for money given for Part II- Tax Computation, Line 4 on the form 709?</P><P>I gifted $56,158.11 in 2024 and the annual exclusion was $18,000. So $56,158.11-18,000=$38,158. Using the Table for Computing the Gift Tax, do I multiply $38,158 * 0.22 to get the total gift tax?&nbsp;<BR />I have not gifted in the past. Any help is appreciated! Thank you.&nbsp;</P><P>&nbsp;</P> Mon, 31 Mar 2025 05:08:36 GMT Jubileej 2025-03-31T05:08:36Z https://ttlc.intuit.com/community/retirement/discussion/gift-tax-form-709/01/3613470#M245828 <P>How do I calculate the total gift tax for money given for Part II- Tax Computation, Line 4 on the form 709?</P><P>I gifted $56,158.11 in 2024 and the annual exclusion was $18,000. So $56,158.11-18,000=$38,158. Using the Table for Computing the Gift Tax, do I multiply $38,158 * 0.22 to get the total gift tax?&nbsp;<BR />I have not gifted in the past. Any help is appreciated! Thank you.&nbsp;</P><P>&nbsp;</P> Mon, 31 Mar 2025 05:08:36 GMT https://ttlc.intuit.com/community/retirement/discussion/gift-tax-form-709/01/3613470#M245828 Jubileej 2025-03-31T05:08:36Z https://ttlc.intuit.com/community/retirement/discussion/re-gift-tax-form-709/01/3613528#M245833 <P>Use the tax table:</P><P>&nbsp;</P><P><A href="https://www.irs.gov/instructions/i709#en_US_2024_publink1000292384" target="_blank">https://www.irs.gov/instructions/i709#en_US_2024_publink1000292384</A></P> Mon, 31 Mar 2025 07:17:02 GMT https://ttlc.intuit.com/community/retirement/discussion/re-gift-tax-form-709/01/3613528#M245833 M-MTax 2025-03-31T07:17:02Z