Gift Tax 2024 Limit 2024. 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. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.
The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient. 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.
