2024 Lifetime Gift Tax Exclusion Amount. The gift tax annual exclusion in 2024 increased to $18,000 per donee. You can gift this amount annually to as many recipients as you.

The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayer’s lifetime exemption amount. Currently the federal transfer tax basic exclusion amount, or applicable exemption amount, per person is $12,920,000.