Maximum Gift Amount 2024. This credit eliminates federal gift tax liability on the first taxable gifts made in one's lifetime, up to the $13,610,000 exemption amount in 2024. This is the maximum amount you can gift to an individual without filing a.
The faqs on this page provide details on how tax reform affects estate and gift tax. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.