Federal Tax Exemption 2025. The irs has announced a higher estate and gift tax exemption for 2025. The internal revenue service (irs) has released its tax inflation adjustment figures for tax year 2025.
This means that individuals can transfer up to $13.99 million over their lifetime—either through gifts during life or as part of their estate at death—without incurring federal estate or gift taxes. The federal lifetime estate and gift tax exemption will sunset after 2025.