The annual gift tax exclusion will increase next year to $15,000, a $1,000 hike over this year’s figure and the first jump since 2013. Thus, you will be able to give up to $15,000 apiece to a child or any other person free of gift tax and without having to tap your $5,490,000 estate and gift tax exemption. Your spouse can also give $15,000 to the same donee, making the tax-free gift $30,000. For example, if you are married with three children and seven grandchildren, you can give up to $30,000 in 2018 to each of your kin without gift tax consequences.