2025 Gift Tax Exclusion Per Person. The lifetime federal estate and gift tax exemption has increased to $13,990,000 per person (or $27,980,000 per married couple) for 2025. Each year, the irs considers inflationary adjustments to the estate and gift tax exemption amount and gift tax annual exclusion amount.

The act applies only to tax years up to 2025, and it requires the elevated exemption to sunset on december 31, 2025. 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.