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.
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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