What Is The Gift Tax Limit For 2025 Irs. On november 2024, the irs announced the revised federal estate tax and gift tax limits for 2025. 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.

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. 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.