Lifetime Gift And Estate Tax Exemption 2025. The lifetime gift/estate tax exemption is $13.61 million in 2024 and 2025. For example, if you gift $20,000 to one person.
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 “basic exclusion amount” rises to $13.99 million for 2025, up from $13.61 million in 2024, the agency.
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