2024 Gift Tax Exemption Form

2024 Gift Tax Exemption Form. The gift tax is intended to discourage large gifts that could potentially be used. That means you can give up to $18,000 to as many recipients as you want without having to pay any gift tax.

For 2024, the lifetime gift tax exclusion is projected to be $13.61 million, increasing from 2023’s limit. For married couples, the limit is $18,000 each, for a total of $36,000.