What Is The Annual Gift Tax Exclusion 2024 Calculator

What Is The Annual Gift Tax Exclusion 2024 Calculator. Gift tax exclusions for medical and educational expenses paid directly to provider; You can give a total of up to $12.92 million in overages throughout your lifetime before you start owing the gift tax.

Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023. You need to file a gift tax.