2025 Gift Amount Tax Free. For example, if someone makes a taxable gift of $6 million in 2025, this will lower the remaining exemption to $7.99 million ($13.99 million minus $6 million) at the end of 2025. In 2025, you may be subject to an irmaa surcharge if your 2023 modified adjusted gross income exceeded $106,000 for an individual or was above $212,000 for a couple filing a joint federal tax return.
Are there any occasions apart from marriage in which monetary gift received by an individual will not be charged to tax? Ensure your wealth stays in the family by revisiting your estate plan now.