Gift Tax Rate 2025. Here's what wealthy families need to know. This amount is the maximum you can give a single person without having to report it to the irs.
The act applies only to tax years up to 2025, and it requires the elevated exemption to sunset on december 31, 2025. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.
