What Is The Exemption Amount For 2025. Washington — today the irs announced that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to. It is important to note that the increased federal exemption amounts scheduled to expire on december 25, 2025, under the 2017 tax cuts and jobs act.
In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025). What is the maximum gift amount for 2025.