2025 Gift Tax Exclusion Annual. The gift tax annual exclusion amount is set to increase from $18,000 per person in 2024 to $19,000 per person in 2025. In 2024, the gift tax exclusion is $18,000 per person per year.

This exclusion allows taxpayers to gift assets to individuals each year without using any portion of their lifetime gift and estate tax exemption. With this change, in 2025, an individual may gift up to $19,000 to an unlimited number of recipients without federal gift tax consequences (meaning the gifts do not consume a taxpayer’s federal gift tax exemption and no gift tax return is.