2024 Gift Tax Exclusion Limit

2024 Gift Tax Exclusion Limit. The gift tax rates range from 18% to 40%, depending on the value of gifts made during your lifetime. The gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023.

The combined gift and estate tax exemption will be $13.61 million per individual for lifetime. Here’s how the gift tax works, along with current rates and exemption amounts.