2024 Gift Tax Exclusion Amount Of

2024 Gift Tax Exclusion Amount Of. For 2024, the federal and gift tax exemption amount is $13.61 million per individual (allowing a married couple to shield up to $27.22 million from federal estate and gift taxes),. If you gift more than $18,000 to any individual in 2024, you’ll need to file a gift tax return.

Furthermore, the annual amount that one person may give to a spouse who is. For example, a taxpayer with three children can transfer a total of $54,000 to his or her children every year.