NASSAUSUFFOLK

Yes, the amount is in excess of the annual exclusion of 18,000 per person annually, however there will be no Federal tax due on form 709.   Iys not a hard form to complete when you follow the instructions. 

You can give $19,000 in 2025 ($18,000 in 2024).  If you split the gift giving with your spouse, the amount doubles to $38,000, but you do have to file returns.  And if you give to both your son and your son's spouse, it also doubles the allowable amount.  So if mother and father give to son and spouse of son, the amount could be $19,000 x 4 = $76,000.  Doesn't really solve the issue if it's simply about filing Form 709.  

You can give $19,000 in 2025 ($18,000 in 2024).  If you split the gift giving with your spouse, the amount doubles to $38,000, but you do have to file returns.  And if you give to both your son and your son's spouse, it also doubles the allowable amount.  So if mother and father give to son and spouse of son, the amount could be $19,000 x 4 = $76,000.  Doesn't really solve the issue if it's simply about filing Form 709.  

I'm going to agree to disagree with Lawrence.  You do NOT have to file gift tax returns unless you EXCEED the annual limit ($19K in 2025).  It's usually best to advise client to gift under the amount so that you won't have to file gift returns when they also give a Christmas, birthday, etc. gift to the same person.

You can give $19,000 in 2025 ($18,000 in 2024).  If you split the gift giving with your spouse, the amount doubles to $38,000, but you do have to file returns.  And if you give to both your son and your son's spouse, it also doubles the allowable amount.  So if mother and father give to son and spouse of son, the amount could be $19,000 x 4 = $76,000.  Doesn't really solve the issue if it's simply about filing Form 709.