2024 Gift Tax Exclusion Rules

2024 Gift Tax Exclusion Rules. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient. In this article, we’ll explore the gift tax, its purpose, the annual exclusion, lifetime exemption,.

Here’s how the gift tax works, along with current rates and exemption amounts. This means that you can give up to $18,000 to anyone without having to worry about paying any gift tax.