Lifetime Gift And Estate Tax Exemption 2025. The irs recently announced that the increase to the lifetime exemption in 2025 will be $380,000 per person, which represents a 2.79% increase from the 2024 total of. Client to gift at death up to a certain amount, outside of a marriage, without incurring a tax penalty and the annual gift tax exclusion.

Looking forward to 2025, the irs recently announced that the annual gift tax exclusion will increase to $19,000 per individual, while the lifetime estate and gift tax exemption will rise. The irs has announced a higher estate and gift tax exemption for 2025.