Lifetime Gift Exemption 2025. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts — up to $13.61 million per person in 2024. Starting january 1, 2025, the federal lifetime gift, estate, and gst tax exemption amount will increase to $13,990,000 per person or $27,980,000 for a married couple.

Here’s what wealthy families need to know. Individuals can give up to $19,000 to any number of people in 2025 without triggering gift tax reporting requirements.