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2024 Gift Tax Exemption Amount 2024

2024 Gift Tax Exemption Amount 2024. For married couples, the limit is $18,000 each, for a total of $36,000.  โ€” any gift over $18,000 requires tax reporting, but no gift tax is incurred until you reach the unified exclusion amount (currently $13,610,000).


2024 Gift Tax Exemption Amount 2024

The exemption amount is now $13.61 million per individual (or $27.22 million for a married. The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayerโ€™s lifetime.

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