Lifetime Gift Tax Exclusion 2024 Per Person

Lifetime Gift Tax Exclusion 2024 Per Person. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. Find out more about the lifetime exemption on the gift tax, the annual exclusion, and how all of this impacts your estate.

Here’s how the gift tax works, along with current rates and exemption. If your gift exceeds the annual exemption, it.