Irs Gift Tax Exclusion 2024. — in 2024, the annual gift tax exclusion amount is $18,000 per recipient. — the gift tax exclusion amount renews annually, so an individual who gifted $17,000 to someone in 2023 may gift $18,000 to that same person in 2024, without any.
This means you can give up to $18,000 to as many people as you like without any gift tax. — the gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023.