What Is The Gift Tax Limit For 2025

What Is The Gift Tax Limit For 2025. In addition, individuals may make annual gifts ($18,000 per recipient in 2024 and $19,000 in 2025). This means that you may gift up to $19,000 per person, per year, tax free and no gift tax return.

The estate and gift tax exemption amount has increased from $13.61 million per person to $13.99 million per person in 2025. In a significant update for estate planning and wealth management, the internal revenue service (irs) has announced an increase in the estate and gift tax exemption for 2025.