2024 Gift Tax Exclusion Lifetime Allowance. โ in 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. This limit is called the lifetime, or combined, gift and estate tax exemption.
The individual and his or her spouse wish to split all gifts made by each other during the. Complying with the annual gift tax limit can save you time and money when you are giving to family, friends and others.