Lifetime Gift Tax Exclusion 2024. This means you can give up to $13.61 million over your lifetime without paying gift. The lifetime gift tax exemption in 2024 is set at $13.61 million per individual.


Lifetime Gift Tax Exclusion 2024

This limit is called the lifetime, or combined, gift and estate tax exemption. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts โ€” up to $13.61 million per person in 2024.

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