Tax Free Gift Limit 2025. The gift tax limit, also known as the gift tax exclusion, is $18,000 for 2024. Budget 2025 may bring significant tax relief for individuals earning up to rs 15 lakh as the direct tax code 2025 aims to simplify income tax laws, reduce compliance burdens.
The gift tax annual exclusion to. Starting january 1, 2025, the annual gift tax exclusion will increase to $19,000 per recipient, up from $18,000 in 2024.