| Type | 2021 limit | 2022 limit |
|---|---|---|
| Annual gift tax exclusion | $15,000 per recipient | $16,000 per recipient |
| Lifetime gift and estate tax exemption (individual) | $11.7 million | $12.06 million |
| Lifetime gift and estate tax exemption (married filing jointly) | $23.4 million | $24.12 million |