Gift Tax Limits 2025. Effective january 1, 2025, you will be able to make individual gifts of up to $19,000 in the calendar year (an increase from $18,000 in 2024) tax. Learn how to prepare now.
The combined gift and estate tax lifetime exemption will be $13.99 million per individual for lifetime gifts made in 2025 and for bequests made by a person who passes away. The irs’s 2025 tax updates raise gift tax exclusions to $19,000 per person and estate tax exemptions to $13.99 million.