Gift 2025. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. The annual gift tax exclusion is $18,000 for 2024 and will be $19,000 in 2025.
The current estate and gift tax exemption law sunsets in 2025, and the exemption amount will drop back down to the prior law’s $5 million cap, which when adjusted for inflation. The lifetime gift/estate tax exemption is projected to be $7 million in 2026.
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