Grier Kathryn

2024 Gift Tax Exemption For Seniors. You can give up to $18,000 to any individual in 2024 without triggering the gift tax. The federal estate tax exemption amount went up again for 2024.

The federal estate tax exemption amount went up again for 2024. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts — up to $13.61 million per person in 2024.