Annual Gift Tax Exclusion 2024. The 2024 gift tax limit is $18,000, up from $17,000 last year. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.
The purpose of the annual gift tax exclusion is to prevent the excessive taxation of wealth transfers, promote economic activity, and allow for a more. (thatโs up $1,000 from last yearโs limit since the gift tax is one of many tax amounts adjusted annually for inflation.) for married couples,.