2024 Lifetime Gift Tax Exclusion Amount. The annual federal gift tax exclusion amount will also increase to $18,000 per person in 2024 (or $36,000 for married couples who split gifts). Here are the key numbers:
The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayer’s lifetime exemption amount. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.