Gift Tax 2025

Gift Tax 2025. The income tax act states that gifts whose value exceeds rs.50,000 are subject to gift tax in the hands of the recipient. For 2025, the annual gift tax exclusion is $18,000, meaning a person can give up to $18,000 to as.


Gift Tax 2025

But even if you exceed that amount, there are some. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.

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