Irs Gift Limits 2025 To Family

Irs Gift Limits 2025 To Family. In a significant update for estate planning and wealth management, the internal revenue service (irs) has announced an increase in the estate and gift tax exemption for 2025. This amount is the maximum you can give a single person without having to report it to the irs.


Irs Gift Limits 2025 To Family

This exclusion allows taxpayers to gift assets to individuals each year. This amount is the maximum you can give a single person without having to report it to the irs.

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