What does the family gift ledger track?

It records each gift by donor and recipient, flags gifts over the annual exclusion, calculates the portion drawing on the lifetime exemption, and shows which gifts require a Form 709, with summaries by recipient.

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Family Gift & Form 709 Ledger

Q: Do I owe tax on gifts over $19,000?

Usually not. A gift over the annual exclusion files a Form 709 and draws against your roughly $15M lifetime exemption; gift tax is only owed once that exemption is exhausted.

This free Excel ledger tracks every family gift against the $19,000 annual exclusion and your ~$15M lifetime exemption, flags any gift that needs a Form 709, and totals how much exemption you have left — all built with 2026 figures. Enter your email below and the download starts right away.

What's inside

One row per gift — date, donor, recipient, amount, and type.
Auto-flags any gift over the $19,000 annual exclusion (doubles to $38,000 when a couple splits).
Calculates the portion that draws on your ~$15M lifetime exemption.
Tells you which gifts need a Form 709.
Summary tab: totals by recipient and lifetime exemption remaining.
Editable settings tab to update the IRS figures each year.

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Why keep a gift ledger at all

Most families don't owe gift tax — but they still have to track gifts, because anything over the annual exclusion to one person draws down the lifetime exemption and needs a Form 709. Miss the paperwork and you can lose track of how much exemption is left, which is the number that decides your estate-tax exposure later. A ledger turns scattered checks, 529 deposits, and transfers into one running total you and your CPA can trust.

Do I owe tax on gifts over $19,000?

Usually not. Gifts over the annual exclusion file a Form 709 and draw against your ~$15M lifetime exemption — you only owe gift tax once that's exhausted. The ledger tracks how much you've used.

Does this replace a CPA?

No — it organizes the inputs so your CPA's job is easy. It's a record-keeping aid, not tax advice.

General information, not tax or legal advice. Figures are indexed and change; confirm current numbers with your CPA and the IRS.

Rather not keep a spreadsheet?

Family Matters tracks every gift against the exclusion and your lifetime exemption — automatically.

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