Irs Annual Gift Tax Exclusion 2024. The amount that may be gifted annually to individuals without tax consequence) has increased from $17,000 to $18,000. From a numbers standpoint, the federal annual gift tax exclusion increases from the $17,000 amount for 2023 to $18,000 for 2024.
The annual gift tax limit is $18,000 per person in 2024. The annual exclusion for gifts increases to $18,000 for calendar year 2024, increased from $17,000 for calendar year 2023.