Irs Gift Tax Exclusion 2024. Historical gift tax exclusion amounts be a rich strategic giver, 2 you’ll have to report. The irs typically adjusts this gift tax exclusion each year based on inflation.

“each taxpayer is eligible to give up to $18,000 annually, or $36,000 if married, without filing a gift tax return or utilizing your lifetime estate and gift tax exemption,” said brian tullio, a. For 2024, the lifetime gift tax exemption is $13.61 million, up from $12.92 million in 2023.