2024 Gift Tax Exclusion Amount

2024 Gift Tax Exclusion Amount. The annual gift tax exclusion will rise to $19,000 per recipient, up $1,000 from the 2024 limit. The annual exclusion applies to gifts of $18,000 to each donee or recipient per calendar year.


2024 Gift Tax Exclusion Amount

It allows you to give cash or property up to a specified amount to an unlimited number of family members and friends each year without gift tax implications. The 2024 annual exclusion amount will be $18,000 (up from $17,000 in 2023).

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