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Irs Gift Limits 2025 Individual

Irs Gift Limits 2025 Individual. Looking forward to 2025, the irs recently announced that the annual gift tax exclusion will increase to $19,000 per individual, while the lifetime estate and gift tax exemption will rise. For the 2025 tax year, the annual gift tax exclusion is increased by $1,000 to a total of $19,000.


Irs Gift Limits 2025 Individual

This exclusion allows taxpayers to gift assets to individuals each year. You can gift $19,000 per person to as many people as you want with no federal gift tax.

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