How Much Can You Gift Tax Free 2024. Lifetime gift tax exemption 2024. In 2024, you can gift up to $18,000 ($36,000 for a married couple) to each recipient without incurring gift tax liability.

If your gift fits the above, you and the gift giver don’t pay tax on it. Even a penny over the exclusion turns a gift into a taxable one, so the tax will rarely.

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