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What Is The Gift Tax Limit For 2026. However, this opportunity could go away on january 1, 2026, if the exemption is allowed. In 2023, the limit is $17,000 per individual.

Unless additional action is taken by congress, the double exemption provisions of the tax cuts and jobs act of 2017 are going to “sunset” on december 31, 2025, and the estate and gift tax. If your current net worth is $50 million and you gift only the projected 2026 exemption now, your gift in 2024 is $14 million, your taxable estate at death is $36 million, your estate tax at 40% is.