Lifetime Gift And Estate Tax Exemption 2025

Lifetime Gift And Estate Tax Exemption 2025. For gift and estate tax purposes, the lifetime exemption amount will increase to $13.99 million per person (up from $13.61 million in 2024). Lifetime estate and gift tax exemption thresholds are poised to be cut in half at the stroke of midnight december 31, 2025, leading to a potentially sharp jump in some estates' tax liability.

In 2025, an individual can make a gift of up to $19,000 a year to another individual without federal gift tax liability. The federal lifetime estate and gift tax exemption will sunset after 2025.