Gift Tax 2024 Exclusion

Gift Tax 2024 Exclusion

Gift Tax 2024 Exclusion. For 2024, the lifetime gift tax exemption is $13.61 million, up from $12.92 million in 2023. In addition, gifts from certain relatives such as parents, spouse and siblings are also exempt from.


Gift Tax 2024 Exclusion

As of 2024, the annual exclusion amount was $18,000 per recipient per year ($36,000 for taxpayers filing married filing joint). There is also the annual gift tax exclusion amount of $18,000 per sister (or $36,000 if you are married and do so with the agreement of your husband).

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