2024 Gift Amount Tax Free

2024 Gift Amount Tax Free. The annual exclusion applies to gifts of $18,000 to each donee or recipient per. For 2024, the annual gift tax exclusion is $18,000, meaning a person can give up to $18,000 to as many people as he or she wants without having to pay any taxes on the gifts.


2024 Gift Amount Tax Free

For married couples, the limit is $18,000 each, for a total of $36,000. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.

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