2025 Gift Tax Max. Each year, the us internal revenue service (irs) sets the annual gift tax exclusion, which. In a significant update for estate planning and wealth management, the internal revenue service (irs) has announced an increase in the estate and gift tax exemption for 2025.

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. The irs has announced that the annual gift tax exclusion is increasing in 2025 due.