Lifetime Gift Tax Exclusion 2024 Married Jointly. Jack and sarah would each need to file a federal gift tax return, disclosing respective lifetime gifts of $5,000,000 in 2024 ($5,018,000 gift per spouse, less each spouse's. With portability or a bypass trust, spouses can.
The amount that may be gifted annually to individuals without tax consequence) has increased from $17,000 to $18,000 per. This guide explains how they are all connected.