Tax Free Gift 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. This exclusion allows taxpayers to gift assets to.
Individuals can give up to $19,000 to any number of people in 2025 without triggering gift tax reporting requirements. The annual gift tax limit and the lifetime gift tax limit.