Irs Gift Tax Limits 2025

Irs Gift Tax Limits 2025. The internal revenue service (irs) has released its tax inflation adjustment figures for tax year 2025. The basic exclusion amount rises to $13.99 million for 2025, up from $13.61 million in 2024, the agency said.


Irs Gift Tax Limits 2025

The irs has specific rules about the taxation of gifts. 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.

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