2025 Gift Amount Limit. Looking forward to 2025, the irs recently announced that the annual gift tax exclusion will increase to $19,000 per individual, while the lifetime estate and gift tax exemption will rise. For 2025, the annual contribution limit for employees who participate in 401(k), 403(b), governmental 457 plans, and the federal government’s thrift savings plan is $23,500,.

What is an estate tax and a gift tax and how are they different? This amount is the maximum you can give a single person without having to report it to the irs.