Estate Gift Tax Exemption 2024. There's no limit on the number of individual gifts that can be made, and couples can give double that amount if they elect to split gifts. In 2017, the tax cuts and jobs act (tcja) nearly doubled the lifetime gift and estate exemption for individuals from $5.6 million to $11.18 million per individual, indexed for inflation.

In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. For 2024, the lifetime gift tax exemption is $13.61 million, up from $12.92 million in 2023.