2024 Lifetime Gift Tax Exclusion Amount. The lifetime gift tax exemption in 2024 is set at $13.61 million per individual. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).

But because the tcja sunsets on december 31, 2025, the estate. The current new york estate tax exemption amount for 2024 is $6.94 million, but unlike the federal system where lifetime gifts count towards the exemption.