Irs Tax Free Gift Limit 2025
Irs Tax Free Gift Limit 2025. This amount is the maximum you can give a single person without having to report it to the irs. Additionally, the lifetime estate and gift tax exemption will grow to $13.99 million per.
The annual gift tax exclusion will rise to $19,000 per recipient, up $1,000 from the 2024 limit. 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.