Annual Gift Tax Exclusion 2024. For 2024, the gift tax exclusion is set at $18,000 per individual. For 2024, the annual gift tax limit is $18,000.
The annual gift tax exclusion allows you to gift a person a maximum per year without having to report those funds to the irs. (that’s up $1,000 from last year’s limit since the gift tax is one of many tax amounts.