Gift Tax Threshold 2025. Lifetime estate and gift tax exemption thresholds are poised to be cut in half at the stroke of midnight december 31, 2025, leading to a potentially sharp jump in some estates' tax. Looking forward to 2025, the irs recently announced that the annual gift tax exclusion will increase to $19,000 per individual, while the lifetime estate and gift tax exemption will rise.
By combining contributions from multiple years into a single tax year, youโll be able to exceed the standard deduction threshold, and maximize the tax efficiency of your donations. The congressional budget office estimates.