2025 Gift Limit Per Person Per Year. The exclusion covers gifts an individual makes to each donee per year. The annual gift tax exclusion will rise to $19,000 per recipient, up $1,000 from the 2024.

The irs’s 2025 tax updates raise gift tax exclusions to $19,000 per person and estate tax exemptions to $13.99 million. This same exemption amount will apply to generation.