2024 Gift Tax Exemption Married Jointly. For example, if you are a married couple and you have two children, you could jointly give each child $30,000 in 2024 without incurring any tax. The estate tax exemption will.

For married couples filing jointly, the gift tax limit 2024 allows them to give up to $36,000 per recipient annually without incurring the gift tax. Here’s how the gift tax works, along with current rates and exemption amounts.