Gift Money Limit 2024 Tax Year. There's no limit on the number of individual gifts that can be made, and couples can give. If you give an amount up to $17,000 (2023 amount, $18,000 for 2024) to each child each year, your gifts do not count toward the $12.92 million of gifts you are.
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. But even if you exceed that amount, there are some.