Gift Limits 2025. In other words, giving more. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts โ up to $13.61 million per person in 2024.
Mcentee are involved in project 2025, a $22 million presidential transition operation that is preparing policies, personnel lists and transition plans to. In 2024, you can make annual gifts to any one person up to a maximum of $18,000 per year ($19,000 in 2025).