Gift Tax Limit 2025 Per Person. In march 2020, eligible individuals received up to $1,200 per income tax filer and $500 per child under the cares act. (this exemption amount will be raised to $13.99m in 2025, but may essentially be cut in half in 2026 if the tax cuts & jobs act.
In december 2020, eligible individuals received up to $600. Since this amount is per person, married couples have a total gift tax limit of $38,000.