Allowed Gift Amount 2024

Allowed Gift Amount 2024. For 2024, up to $18,000 of gifts made by a donor to each donee is excluded from the amount of the donor’s taxable gifts. It is important to note that if you surpass your lifetime exclusion, you.

Taxpayers typically only pay gift tax on the amounts that exceed the allotted lifetime exclusion, which is $13.61 million in 2024 and $13.99 million in 2025. For 2024, up to $18,000 of gifts made by a donor to each donee is excluded from the amount of the donor’s taxable gifts.