Annual Gift Exclusion 2025. In 2024, if a single parent has one child and they gift that child. The amount of the exclusion for 2024 is $18,000 per recipient.

The 2025 annual exclusion for gifts will be $19,000, up from $18,000 in 2024. Effective january 1, 2025, the estate and gift tax exclusion amount and the generation skipping transfer.