Gift T Limit 2025 Per Person. For gift and estate tax purposes, the lifetime exemption amount will increase to $13.99 million per person (up from $13.61 million in 2024). If you file for an extension, the deadline moves to october 15, 2025.
In a significant update for estate planning and wealth management, the internal revenue service (irs) has announced an increase in the estate and gift tax exemption for 2025. For 2025, the federal estate tax exemption will increase to $13.99 million per person, or $27.98 million for a married couple.