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Current Lifetime Gift Tax Exemption 2024 Lok

Current Lifetime Gift Tax Exemption 2024 Lok. This guide explains how they are all connected. What is the gift tax annual exclusion amount for 2024?


Current Lifetime Gift Tax Exemption 2024 Lok

In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).

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