2025 Gift Tax Limits. Thus, from the taxation point of view, gifts can be classified as: The increased estate and gift tax exemption limits are dropping at the end of 2025.
The current estate and gift tax exemption law sunsets in 2025, and the exemption amount will drop back down to the prior law’s $5 million cap, which when. The parliament of india introduced the gift tax act in 1958, and gift tax is essentially the tax charged on the receipt of gifts.