Gift Tax Exclusion 2024. Annual gift tax limit for 2024. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.
In 2024, it is $18,000 per recipient, an increase from the 2023 limit of $17,000. For 2024, the annual exclusion allows you to gift up to $18,000 per recipient without reporting it to the irs.
