Lifetime Estate Gift Tax Exclusion 2024. The annual gift tax exclusion is a powerful tool for individuals and couples to reduce their taxable estate and in 2024 they will have an additional $1,000 per year, per. There's no limit on the number of individual gifts that can be made, and.
What do the 2024 tax exemption amounts mean for estate planning? โthe irs has raised the lifetime estate and gift tax exemption to $13.61 million per individual or $27.22 million for a.