Annual Gift Tax Limit 2025. The gift tax annual exclusion amount is set to increase from $18,000 per person in 2024 to $19,000 per person in 2025. Looking forward to 2025, the irs recently announced that the annual gift tax exclusion will increase to $19,000 per individual, while the lifetime estate and gift tax exemption will rise slightly to $13.99 million per individual.
While the excess amount can be sheltered by the federal gift and estate tax exemption (currently $13.61 million for 2024, increasing to $13.99 million in 2025), the return is still required to track exemption use. The irs annual gift tax limit is $18,000 for 2024 and $19,000 for 2025.