2024 Gift Tax Exemption Limit. The united states government imposes a gift tax on gifts of money and other property that exceed the annual gift tax limit of $18,000 in 2024. What is the lifetime gift tax exemption for 2024?
You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion. (thatโs up $1,000 from last yearโs limit since the gift tax is one of many tax amounts adjusted annually for inflation.) for married couples, the.