Federal Exemptions 2025. It is scheduled to expire, or “sunset,” on december 31, 2025, unless congress acts to extend it or make it permanent. The internal revenue service released its 2025 tables for determining wage amounts that are exempt from federal tax levies.

The irs has announced a higher estate and gift tax exemption for 2025. On november 26, 2019, the irs clarified that individuals taking advantage of the increased gift tax exclusion amount in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to.