2024 Gift Tax Limit For Married Couples

2024 Gift Tax Limit For Married Couples. Get detailed explanations to help you. In 2024, the lifetime exclusion has been adjusted to $13,610,000 for individuals and $27,220,000 for a couple.

For married couples, each spouse could gift up to $17,000, resulting in a combined limit of $34,000. When a person gives money or property to someone other than their spouse or dependent, they may be required to pay gift tax.