Irs 2025 Gift Limit. In other words, giving more. 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.
Additionally, the lifetime estate and gift tax exemption will grow to $13.99 million per. In 2024, if a couple has one child, they could each gift up to $18,000 to the same child which would be a total gift to the child of $36,000 in 2024 without reporting.
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