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March 12, 2025
Question

Do I have to file gift tax return ( form 709)

  • March 12, 2025
  • 1 reply
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Last year I signed $50k to my spouse. We do not have joint bank account. In additional we file tax separately. Do I need to file form 709?

    1 reply

    March 12, 2025

    No, you do not need to file a gift tax return.  There are several exceptions to the general rule that any gift is a taxable gift. One of the exceptions is gifts to your spouse.

     

    See: Frequently asked questions on gift taxes