Gift Tax 2024 Exclusion 2024. Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax returns. 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.
Married couples will be able to gift up to $36,000 per year per recipient without causing a reduction of their combined federal estate and gift tax exclusion of. Strategies such as trusts can also help mitigate potential gift taxes.