Gifting For 2025. There's one big caveat to be aware of—the $13.61 million exception is temporary and only applies to tax years up to 2025. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).
31, 2025, likely to an irrevocable trust to benefit their. The gift tax is a federal tax on transfers of money or property to other people who are getting nothing or less than full value in return.