Current Lifetime Gift Tax Exemption 2024 Calendar. What is the lifetime gift tax exemption for 2024? Starting january 1, 2024, the federal lifetime gift and estate tax exemption amount will increase to $13.61 million per person.

The lifetime gift tax exemption in 2024 is set at $13.61 million per individual. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).