Irs Tax Free Gift Limit 2025. The basic exclusion amount rises to $13.99 million for 2025, up from $13.61 million in 2024, the agency said. The first thing to understand is the annual gift tax exclusion.
The limit is doubled for gifts by joint filers. The gift tax exclusion amount renews annually, so an individual who gifted $18,000 to someone in 2024 may gift $19,000 to that same person in 2025, without any reporting obligation.