What Is The Maximum Gift Amount For 2025 Tax Return

What Is The Maximum Gift Amount For 2025 Tax Return. On november 26, 2019, the irs. Effective january 1, 2025, you will be able to make individual gifts of up to $19,000 in the calendar year (an increase from $18,000 in 2024) tax.

This same exemption amount will apply to generation. The gift tax limit, also known as the gift tax exclusion, is $18,000 for 2024.