Joby Rosana

2024 Lifetime Gift Tax Exclusion Amount. The 2024 annual exclusion amount will be $18,000 (up from $17,000 in 2023). The federal lifetime gift and estate tax exemption amount will increase to $13.61 million per person and $27.22 million per married couple next year.

Lifetime gift tax exclusion 2024. For example, if someone has used up all their lifetime gift tax exemption, and wishes to give a gift worth $20,000, the taxable value would be the amount that.