If youâre married, your spouse can do the same. You can spread the gift over 2014-2018 without incurring any gift tax and without reducing your $5.34 million lifetime gift tax exemption or your $5.34 million estate tax exemption. Your spouse can spread his or her $70,000 gift over five years as well.f youâre married, your spouse can do the same. You can spread the gift over 2014-2018 without incurring any gift tax and without reducing your $5.34 million lifetime gift tax exemption or your $5.34 million estate tax exemption. Your spouse can spread his or her $70,000 gift over five years as well.