Gift Tax Exclusion 2025 Lifetime

Gift Tax Exclusion 2025 Lifetime. Effective january 1, 2025, you will be able to make individual gifts of up to $19,000 in the calendar year (an increase from $18,000 in 2024) tax. The annual exclusion for gifts is increased to $19,000 for the 2025 calendar year, up from $18,000 in 2024.


Gift Tax Exclusion 2025 Lifetime

The act applies only to tax years up to 2025, and it requires the elevated exemption to sunset on december 31, 2025. Here’s what wealthy families need to know.

Gift Tax Exclusion 2025 Lifetime Images References :