2024 Lifetime Gift Tax Exemption. The lifetime gift tax exemption for 2024 is $13.61 million, an increase from $12.92 million in 2023. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).
The irs has announced that for 2024, the federal lifetime gift and estate tax exemption amount will increase to $13.61 million per person. 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.