2025 Gift Tax Exclusion Limit For Individuals

2025 Gift Tax Exclusion Limit For Individuals. This amount is the maximum you can give a single person without having to report it to the irs. This means individuals can give up to this amount to any number of.

The annual exclusion gift is the amount of money or property that can be given to another person each year without triggering gift tax or using up the lifetime gift tax exemption. Under the old tax regime, an individual can claim a.