Lifetime Gift Exclusion 2024. The lifetime exemption is the total amount an individual can give away over their lifetime without incurring gift tax. What is the lifetime gift tax exemption for 2024?
The federal gift tax annual exclusion applies to gifts made to each individual donee on an annual basis. For 2024, the lifetime exemption amount is $13.61 million per individual, or $27.22 million for a married couple.
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