2025 Gift Exclusion Amount Limit

2025 Gift Exclusion Amount Limit. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts — up to $13.61 million per person in 2024. In addition, the estate and gift tax exemption will be $13.99 million per individual for 2025 gifts and deaths, up.

The revenue act of 1924 first introduced the gift tax. There’s no limit on the number of individual gifts that can be made, and couples can give double that amount if.