Lacie Miquela

What Is The 2024 Gift Tax Exclusion Amount.  — the 2024 annual exclusion amount will be $18,000 (up from $17,000 in 2023).  — in 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.

 — the annual exclusion amount for 2023 is $17,000 and for 2024 is $18,000. 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.