2024 Gift Tax Exclusion Amount 2

2024 Gift Tax Exclusion Amount 2. The federal gift tax annual exclusion amount has increased from $17,000 to $18,000 per donee. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.

The irs adjusts the gift tax exclusion periodically to keep pace with inflation. For 2024, the lifetime exclusion is $13,610,000 for individuals and $27,220,000 for married couples.