Gift Amounts For 2025. For those that already have a gifting strategy or plan significant gifts in 2025—such as contributing to tuition or a down. You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion.
Taxpayers typically only pay gift tax on the amounts that exceed the allotted lifetime exclusion, which is $13.61 million in 2024 and $13.99 million in 2025. You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion.