2025 Gift Tax Free. Effective january 1, 2025, you will be able to make individual gifts of up to $19,000 in the calendar year (an increase from $18,000 in 2024) tax. The lifetime gift tax exemption.

Aakash uppal, partner & leader, corporate tax (north & east), tax & regulatory services, bdo india, says, section 206c(12) of the income tax act, 1961 (the act). The gift and estate tax laws are not changing at the start of 2025, but if lawmakers in washington, d.c., don’t pass new legislation by the end of the year, there will be.