2024 Gift Limit Exclusion. You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion. For 2024, the irs has set the annual gift tax exclusion at $18,000 per individual.
For 2024, the lifetime exclusion is $13,610,000 for individuals and $27,220,000 for married couples. For married couples, the exemption doubles, allowing them to gift up to $36,000 to each.