Gift Tax Limit 2025 Per Person. The irs recently announced increases in gift and estate tax exemptions for 2025. The gift tax limit, also known as the gift tax exclusion, is $18,000 for 2024.

The exemption amount will rise to $13.99 million per. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts — up to $13.61 million per person in 2024.