Lifetime Gift Tax Exclusion 2024 India. There's no limit on the number of individual gifts that can be made, and couples can give. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts — up to $13.61 million per person in 2024.

Married couples can transfer $27,220,000 during their lives. This exemption is combined with the estate tax exemption to cover both the total value of.