Maryland Gift Tax Guide (2026)
Everything you need to know about gift tax, estate tax, and inheritance tax in Maryland.
Maryland Tax Overview
Maryland is one of the few states with BOTH an estate tax and an inheritance tax. No separate gift tax.
Federal Gift Tax in Maryland
Regardless of Maryland's state tax laws, the federal gift tax applies uniformly. For 2026:
You can give up to $19,000 per person per year without any gift tax consequences. Gifts exceeding this amount count against your $15,000,000 lifetime exemption and require Form 709 filing.
Gift Tax Planning Tips for Maryland Residents
Use the annual exclusion to make tax-free gifts to family members each year
Pay tuition and medical bills directly to institutions for unlimited tax-free transfers
Consider gift splitting if married to double your annual exclusion
Consult with a local estate planning attorney about state-specific considerations
Be aware of Maryland's estate tax when planning lifetime gifts
Factor in Maryland's inheritance tax when planning wealth transfers