Lifetime Gift Tax Exclusion 2024 Pdf. The lifetime exclusion amount is the total amount of gifts that an individual can make during their lifetime without incurring gift tax. Starting january 1, 2024, the federal lifetime gift and estate tax exemption amount will increase to $13.61 million per person.

For 2024, the gift tax exclusion amount is $17,000 per recipient. In 2024, the federal lifetime gift tax and estate tax exemption amount will increase to $13.61 million per person.