Gift And Estate Tax Exemption 2024. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). Married couples will be able to gift up to $36,000 per year per recipient without causing a reduction of their combined federal estate and gift tax exclusion of $27.22 million.

For 2024, the annual gift tax limit is $18,000. If they make good use of a portability election, a married couple could pass $27,220,000.