2025 Gift Limit Per Person Per Year. 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. The exclusion covers gifts an individual makes to each donee per year.
The exclusion covers gifts an individual makes to each donee per year. The gift tax exclusion amount renews annually, so an individual who gifted $18,000 to someone in 2024 may gift $19,000 to that same person in 2025, without any.
2025 Gift Limit Per Person Per Year Images References :