Annual Gift Limit 2026. If the gift exceeds the exemption threshold, the full value is taxable. The annual exclusion allows an individual to gift up to $18,000 (or a married couple to gift up to $36,000) per recipient in 2024 without utilizing their lifetime exemption.
The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts โ up to $13.61 million per person in 2024. Take advantage of current gift exclusions: