What Is The Gift Tax Exclusion For 2025

What Is The Gift Tax Exclusion For 2025. Individuals can give up to $19,000 to any number of people in 2025 without triggering gift tax reporting requirements. In 2024, you can make annual gifts to any one person up to a maximum of $18,000 per year ($19,000 in 2025).

For 2024, the current annual gift tax exclusion limit is $18,000. On november 26, 2019, the irs clarified that individuals taking advantage of the increased gift tax exclusion amount in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to.