2024 Gift Amount Allowed. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023. In general, the gift tax and estate tax provisions apply a unified rate schedule to a person’s cumulative taxable gifts and taxable estate to arrive at a net tentative tax.

For 2024, the annual gift tax limit is $18,000. The united states government imposes a gift tax on gifts of money and other property that exceed the annual gift tax limit of $18,000 in 2024.