Foreign Gift Tax Limit 2025. What is the gift tax exclusion for 2024 and 2025? The federal estate tax applies to the.
With the gift and estate tax exemption levels set to rise in 2025—and potentially drop significantly in 2026—there is a unique window of opportunity to transfer wealth with minimal tax impact. Beginning on january 1, 2025, the federal estate, gift and gst tax exemptions will be $13,990,000 per taxpayer, an increase of $380,000 from 2024.