2024 Gift Tax Limit

2024 Gift Tax Limit. For 2024, you can give up to $18,000 to each recipient without triggering the gift tax, which is known as the annual gift tax exemption. This means that during 2023, you could give up to.

Here’s how the gift tax works, along with current rates and exemption amounts. Unlike estate taxes, inheritance tax exemptions apply to the size of the gift rather than the size of the estate.