New Jersey Gift Tax Guide (2026)
Everything you need to know about gift tax, estate tax, and inheritance tax in New Jersey.
New Jersey Tax Overview
New Jersey repealed its estate tax in 2018 but retains an inheritance tax. Immediate family is exempt; others pay 11–16%.
Federal Gift Tax in New Jersey
Regardless of New Jersey'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 New Jersey 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
Factor in New Jersey's inheritance tax when planning wealth transfers