Lifetime Gift Tax Exclusion 2024 Irs. 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. The lifetime gift tax limit for 2024 is $13.61 million, up from $12.91 million in 2023.
The 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year. Plan ahead for changes to the lifetime gift and estate tax exclusion, the 2024 gift tax limit is $18,000, up from $17,000 in 2023.