Gift Tax 2024 Exempted. For 2024, the annual gift tax exclusion is $18,000, up from $17,000 in 2023. Instead, a gift is taxed only after you exceed your lifetime estate and gift exemption, which in 2024 is $13.61 million for individuals and $27.22 million for married couples.
In addition to the estate and gift tax exemption amounts, you may make annual gifts up to $18,000 (per receiver) in 2024 without utilizing any of your gift tax. In 2024, individuals can give up to $18,000 to one or multiple people without being taxed.