2025 Gift Tax 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. In other words, giving more than $19,000 to any individual in 2025 means you.
They could also decide to gift the same amount ($18,000 each or $36,000 per child) to each of their. The year 2024 saw income tax changes in the middle of the year.
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