Minnesota Gift Tax Guide (2026)
Everything you need to know about gift tax, estate tax, and inheritance tax in Minnesota.
Minnesota Tax Overview
Minnesota has an estate tax with a $3M exemption. Minnesota also has a 'gift add-back' rule that adds certain gifts made within 3 years of death back to the taxable estate.
Federal Gift Tax in Minnesota
Regardless of Minnesota'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 Minnesota 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 Minnesota's estate tax when planning lifetime gifts