Cessationism is the theological belief that the sign gifts of the New Testament period have ceased to function. While cessationists believe God still performs miracles today, they teach that God does not specifically equip individual Christians to perform miraculous signs.
The biblical evidence most often used to support this view is 1 Corinthians 13:8-10: “Love never ends. As for prophecies, they will pass away; as for tongues, they will cease; as for knowledge, it will pass away. For we know in part and we prophesy in part, but when the perfect comes, the partial will pass away.” It is clear from this passage that certain gifts will cease at some point. Cessationists believe the miraculous gifts ceased with the end of the apostolic age and the completion of New Testament revelation. – CompellingTruth.org
When the New Testament was completed, when the canon of Scripture was completed the spiritual gifts were no longer needed, since in the New Testament we have God’s perfect revelation.
I hold to that “the perfect” in 1 Corinthians 13:8 is referring to the Word of God being completed and that Paul was not referring to Jesus’ second coming. This is something a lot of Christians do not agree on.