2025 Gift Tax Amount. Your clients can now contribute significantly to irrevocable trusts and/or make substantial gifts without incurring taxes due to the increase in the lifetime estate and gift exemption to $13.99. What the updates to the gift tax annual exclusion, unified credit amount and gst tax exemption may mean for clients.
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. What the updates to the gift tax annual exclusion, unified credit amount and gst tax exemption may mean for clients.