Gift Tax Limit For 2025. This exclusion allows taxpayers to gift assets to individuals each year. The irs annual gift tax limit is $18,000 for 2024 and $19,000 for 2025.
The internal revenue service (irs) has released its tax inflation adjustment figures for tax year 2025. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts — up to $13.61 million per person in 2024.
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