What Is The Gifting Limit In 2025
What Is The Gifting Limit In 2025. Additionally, the annual exclusion gift limit will rise to $19,000 per individual up from $18,000 in 2024. For more information, see the related tax reform page.
You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion. Any gift above $19,000 in 2025, however, must be reported to the irs by the person making the gift.