Gifting Limits 2025 To Children. The allowable limit of cash gift is rs.50,000. The irs has announced that the annual gift tax exclusion is increasing in 2025 due to inflation.
Without any changes to the law, the estate and lifetime gift tax exemption will plummet to $5 million per person (with an adjustment for inflation) on january 1, 2026. By gifting portions of the business to their children under the annual exclusion and lifetime exemption thresholds, they can gradually transfer ownership while minimizing tax exposure.
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