2024 Gift Tax Exclusion Amount. For married couples, the limit is $18,000 each, for a total of $36,000. This means that a parent may gift $18,000 per child (or any other.
The top tax rate applicable to estates and living gifts will be subject to a maximum tax rate of 40%. The gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023.