Annual Gift Tax Exemption 2025. If you're married and pass away in 2025, your spouse is entitled to a separate $13.99 million exemption and can inherit your unused lifetime exemption by filing an estate tax. For the calendar year 2025, the annual gift tax exclusion will increase to $19,000 per recipient, up from $18,000 in 2024.

If you gift more than $18,000 to any individual in 2024, you’ll need to file a gift tax return. The annual exclusion gift is the amount of money or property that can be given to another person each year without triggering gift tax or using up the lifetime gift tax exemption.