Gift Exclusion 2025. Federal annual and lifetime gift tax exclusion increase for 2025. The act applies only to tax years up to 2025, and it requires the elevated exemption to sunset on december 31, 2025.

If an individual gives more than the annual exclusion amount, the excess counts toward their lifetime estate and gift tax exemption, which. Washington — the treasury department and the internal revenue service today issued final regulations confirming that individuals taking advantage of the increased gift.