2024 Lifetime Gift Tax Exemption. โ the lifetime gift tax exemption is the amount of money or assets the government permits you to give away over the course of your lifetime without having to pay the federal gift tax. $36,000 if you're married and file taxes jointly, per child into a 529 without those contributions counting toward your lifetime gift tax.
As of 2024, the lifetime exemption is $13.61 million per individual. If a gift exceeds the $18,000 limit for 2024, that does not automatically trigger the gift tax.
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