What Is The Gift Tax Limit For 2025. 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. A gift tax return is generally not required to be filed if all gifts to various donees do not exceed the annual exclusion amount.
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. Gifts within these amounts will not be taxed.