Lifetime Gift Tax Exclusion 2024 Irs. This limit applies to gifts made to individuals, trusts, and other entities. For 2024, the internal revenue service (irs) allows individuals to make gifts of up to $18,000 per year to an unlimited number of.

 — in 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).  — the federal lifetime gift and estate tax exemption amount will increase to $13.61 million per person and $27.22 million per married couple next year.