2025 Gift Tax Amount. The act applies only to tax years up to 2025, and it requires the elevated exemption to sunset on december 31, 2025. The annual exclusion amount for gifting is also increasing to $19,000 per recipient in 2025.
If an individual gives more than the annual exclusion amount, the excess counts toward their lifetime estate and gift tax exemption, which will rise to $13.99 million in 2025. Effective january 1, 2025, the estate and gift tax exclusion amount and the generation skipping transfer (โgstโ) tax exemption are scheduled to increase from $13,610,000 to $13,990,000.
