2025 Gift Tax Exclusion Amount. The gift tax annual exclusion amount is set to increase from $18,000 per person in 2024 to $19,000 per person in 2025. This happened because the government presented the union budget 2024 in july due to general elections.
Watch this video for a breakdown of the irs gift tax rules & regulations for 2024 and 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.
2025 Gift Tax Exclusion Amount Images References :