2025 Gift Tax Limit Over 65. As per irs, the obligation to file any form related to gifting returns is removed with any person gifting up to $19,000 per recipient in the year of 2025. For the 2025 tax year, the annual gift tax exclusion is increased by $1,000 to a total of $19,000.

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. 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.