Annual Gift Tax Exclusion 2024 Per Person. An annual exclusion amount is how much a person can transfer to another without paying a gift tax. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.


Annual Gift Tax Exclusion 2024 Per Person

The annual gift tax limit is $18,000 per person in 2024. The annual gift tax exclusion level will increase from $17,000 per person in 2023 to $18,000 per person in 2024, in tandem with the significant adjustments in the lifetime exemption.

Annual Gift Tax Exclusion 2024 Per Person Images References :