Lifetime Gift Tax Exclusion 2024 In Hindi. For 2024, the lifetime gift tax exemption is $13.61 million, up from $12.92 million in 2023. For the 2024 tax year, the annual gift tax exclusion has increased to $18,000 per recipient, up from $17,000 in 2023.
The federal lifetime gift and estate tax exemption amount will increase to $13.61 million per person and $27.22 million per married couple next year. 11 rows the income tax act states that gifts whose value exceeds.