2024 Lifetime Gift Tax Exemption. Using the lifetime gift and estate tax exemption. 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 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. If a gift exceeds the $18,000 limit for 2024, that does not automatically trigger the gift tax.