What Is The Maximum Gift Amount For 2024. The annual exclusion for gifts is set to rise to $18,000 per person for the 2024 calendar year, marking an increase from $17,000 in the previous year. For the year 2024, the annual tax exclusion amount is expected to remain the same as in previous years, but itโs essential to check for any updates from the irs.
Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). What is the gift tax limit for 2024?