Lifetime Gift Tax Exclusion 2024 Per Person. Complying with the annual gift tax limit can save you time and money when you are giving to family, friends and others. 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).

The lifetime gift tax exemption is the amount of money or assets the government permits you to give away over the course of your lifetime without having to. The annual gift tax exclusion level will increase from $17,000 per person in 2023 to $18,000 per person in 2024, in tandem with the significant adjustments in the.