2024 Gift Limit Exclusion. The annual gift tax exclusion is a powerful tool for individuals and couples to reduce their taxable estate and in 2024 they will have an additional $1,000 per year, per. The 2024 gift tax limit is $18,000, up from $17,000 in 2023.
The annual gift tax limit is $18,000 per person in 2024. The gift tax limit, also known as the gift tax exclusion, is $18,000 for 2024.