2024 Gift Limits To Children. 2 you’ll have to report any gifts you give above that amount to the. For tax year 2025, that limit is $13.99 million.

For tax year 2025, that limit is $13.99 million. In general, the gift tax and estate tax provisions apply a unified rate schedule to a person’s cumulative taxable gifts and taxable estate to arrive at a net tentative tax.