Common questions about Form 709 (Gift Tax Return) in ProConnect Tax

What's new for tax year 2025:

• For gifts made to a spouse who is not a US Citizen, the annual exclusion has increased to $190,000
• The annual gift exclusion for 2025 is $19,000.
• The basic credit amount for 202 is $5,541,800.
• The applicable exclusion amount consists of the basic exclusion amount and, in the case of a surviving spouse, any unused exclusion amount of the last deceased spouse (who died after December 31, 2010). The executor of the predeceased spouse's estate must have elected on a timely and complete Form 706 to allow the donor to use the predeceased spouse's unused exclusion amount.

Gift Tax (Form 709) Frequently Asked Questions:

1. Where do I enter my Firm Information and Preparer Information?
   • This will have to be entered on each return under the Client Information screen.
2. How do I generate Form 709?
   • See Generate Form 709 – Gift Tax Return.