Max Gift Amount 2025 . The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts โ up to $13.61 million per person in 2024. The gift tax exclusion amount renews annually, so.
The irs has revealed that, starting in 2025, inflation adjustments will bring significant increases to the annual gift tax exclusion and the lifetime estate and gift tax. For people who pass away in 2025, the exemption amount will be $13.99 million (it is $13.61 million in 2024).
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