2025 Gift Tax Free. With union budget 2025 around the corner, experts are voicing what they would want from fm sitharaman in february next year. The federal estate and gift tax exemption will be $13.99 million per individual for 2025 gifts and deaths, up from $13.61 million in 2024.
With significant gift tax changes coming in 2025, the current federal gift tax exemption is set to be. Effective january 1, 2025, you will be able to make individual gifts of up to $19,000 in the calendar year (an increase from $18,000 in 2024) tax.