Lifetime Gift And Estate Tax Exemption 2024 Notification. The lifetime gift tax exemption in 2024 is set at $13.61 million per individual. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.

This limit is called the lifetime, or combined, gift and estate tax exemption. The 2024 annual exclusion amount will be $18,000 (up from $17,000 in 2023).