Irs Gifting Limits 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. In 2024 the federal estate and lifetime gift tax exemption is $13,610,000 and is set to increase to $13,990,000 in 2025.
When you die in 2025, you can leave up to $13.99 million (less any amounts previously given in excess of the annual exclusions) to your relatives or friends free of any. For 2025, the lifetime gift tax exclusion rises to $13.99 million, up $380,000 from 2024.
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