2024 Gift Tax Limit Per Individual Irs
2024 Gift Tax Limit Per Individual Irs. 1 for 2024, the limit has been adjusted for inflation and will rise to $18,000. Most taxpayers won’t ever pay gift tax because the irs allows you to gift up to $13.61 million (as of 2024) over your lifetime without having to pay gift tax.
Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023. For 2024, the annual gift tax limit is $18,000.