2024 Gift Tax Exclusion Amount 2024 . The 2024 gift tax limit is $18,000, up from $17,000 in 2023. What is the gift tax annual exclusion amount for 2024?
This allows individuals to gift up to $18,000 to multiple recipients each year without incurring gift tax. (that’s up $1,000 from last year’s limit since the gift tax is one of many tax amounts adjusted annually for inflation.
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IRS Announces Increased Gift and Estate Tax Exemption Amounts for 2024 , The combined gift and estate tax exemption will be $13.61 million per individual for lifetime.