2025 Federal Gift Tax Information
For tax year 2025, the annual gift tax exemption is $19,000 per recipient. Therefore, the first $19,000 of gifts you give to any one person is NOT included in the total amount of taxable gifts. You may have to file a gift tax return if you give more than $19,000 in total gifts to any one person.
NOTE: For married couples, this amount is $38,000 per recipient if they choose to "split" gifts ($19,000 x 2).
You can give gifts to a spouse who is NOT a citizen of the United States up to $190,000 (other than gifts of future interests in property) and exclude them from the total amount of taxable gifts.
The annual gift tax exclusion amounts do NOT apply to gifts of a future interest. For example, a gift of a "remainder interest."
For 2025, a person can generally make lifetime gifts (above the exemption amount) totaling $13,990,000 without incurring gift tax. For married couples, the total exemption is $27,980,000.
Special Rules for U.S. Persons RECEIVING Foreign Gifts
For tax year 2025, you will have to file an information return with the IRS if you are a U.S. person who RECEIVES foreign gifts TOTALING more than:
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$100,000 from a nonresident alien individual or a foreign estate (including foreign persons related to that nonresident alien individual or foreign estate), OR
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$20,116 from foreign corporations or foreign partnerships (including foreign persons related to such foreign corporations or foreign partnerships)
