2025 Gift Tax Free. As you mark the completion of your academic journey at sit, consider celebrating with a gift of $25 (or more!) to commemorate. With union budget 2025 around the corner, experts are voicing what they would want from fm sitharaman in february next year.
This exclusion allows taxpayers to gift assets to. With this change, in 2025, an individual may gift up to $19,000 to an unlimited number of recipients without federal gift tax consequences (meaning the gifts do not consume a taxpayerโs federal gift tax exemption and no gift tax.