Tax Free Gift Limit 2024. The lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax. For married couples, the limit is $18,000 each, for a total of $36,000.


Tax Free Gift Limit 2024

Here are the new exemption amounts for estate tax, gift tax, and generation skipping transfer tax exemptions amounts and the annual exclusion amount for 2025: In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.

Tax Free Gift Limit 2024 Images References :