2024 Gift Tax Limit Per Individual. This exemption is combined with the estate tax exemption to cover both the total value of gifts. 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 exclusion is $13,610,000 for individuals and $27,220,000 for married couples. This means that you can make gifts.