However, although this election may keep you from having to pay tax, you'll still have to file a gift tax return in order to claim it. Other exclusions also keep you from having to file Form 709.

You can gift up to $19,000 per person in 2025 with no tax and no need to file Form 709. If you’re married, you can “split” gifts to give up to $38,000 per recipient.

To amend your return, you use Form 1040-X, also known as an Amended U.S. Individual Tax Return. Here is how to correct amounts on your tax return and when to file your 1040-X.

Filing Form 709 Gift tax returns are generally due on April 15 in the year following the gift, so you can make it part of your general tax preparation.