What Is The Lifetime Gift Tax Exemption For 2025. In 2024, the gift tax exclusion is $18,000 per person per year. What is the lifetime gift tax exemption for 2025?
The “basic exclusion amount” rises to $13.99 million for 2025, up from $13.61 million in 2024, the agency. The lifetime gift/estate tax exemption is projected to be $7 million in 2026.