2024 Gift Tax Exclusion Lifetime. Learn how much you can gift to someone in 2024 without paying taxes, and how to file a gift tax return if you exceed the limit. Upon a taxpayer making a gift that.

This exemption is combined with the estate tax exemption to cover both the total value of. This credit eliminates federal gift tax liability on the first taxable gifts made in one’s lifetime, up to the $13,610,000 exemption amount in 2024.