Lifetime Gift Tax Exclusion 2025. The irs has revealed that, starting in 2025, inflation adjustments will bring significant increases to the annual gift tax exclusion and the lifetime estate and gift tax. The lifetime gift/estate tax exemption is $13.61 million in 2024 and 2025.
The tcja doubled the lifetime exclusion and gst tax exemption. 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.
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