Annual Gift Tax Exemption 2025. 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. On november 26, 2019, the irs clarified that individuals taking advantage of the increased gift tax exclusion amount in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to.
In a significant update for estate planning and wealth management, the internal revenue service (irs) has announced an increase in the estate and gift tax exemption for 2025. Here’s what wealthy families need to know.