Gift Tax 2024 Exemption Limit. Even if the insured's estate and death benefit exceed the exemption. How much money can you gift?
In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025). The gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023.