2025 Gift Limit Per Person Per Year. The combined gift and estate tax lifetime exemption will be $13.99 million per individual for lifetime gifts made in 2025 and for bequests made by a person who passes away. 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.
Federal tax law allows each taxpayer to gift up to $19,000 per year to one individual without incurring federal gift taxes. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts โ up to $13.61 million per person in 2024.
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