Lifetime Gift And Estate Tax Exemption 2025 Exemption. Notably, the federal lifetime gift and estate tax exemption increased from $5.49 million to $11.18 million per person in 2018 (it’s $13.99 million in 2025). For the calendar year 2025, the annual gift tax exclusion will increase to $19,000 per recipient, up from $18,000 in 2024.
The gift tax is a levy imposed on a person’s wealth transfer over their lifetime (typically to family members but transfers to spouses are generally not subject to gift tax). Do you have clients who have already utilized their full lifetime exemption in 2024?
Lifetime Gift And Estate Tax Exemption 2025 Exemption Images References :