What You Need to Know About Gift Taxes in 2025

What You Need to Know About Gift Taxes in 2025
Most people don’t pay a gift tax because of the exceptionally large lifetime gift tax exclusion. Jack_the_sparow/Shutterstock
Javier Simon
Updated:
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Are you feeling extra generous this holiday season? If you’re thinking of giving large gifts and worried about paying a gift tax, don’t worry. Most people don’t pay a gift tax because of the exceptionally large lifetime gift tax exclusion.

In 2025, the lifetime gift tax exclusion will increase to $13.99 million for individual filers, and to $27.98 million for married couples filing jointly.

Javier Simon
Javier Simon
Author
Javier Simon is a freelance personal finance writer for The Epoch Times. He specializes in retirement planning, investing, taxes, fintech, financial products and more. His work has been featured by major publications including Fox Business, The Motley Fool, NerdWallet, and Money Magazine.