2024 Gift Tax Annual Exclusion. The annual exclusion from gift tax (i.e. For 2024, the annual exclusion allows you to gift up to $18,000 per recipient without reporting it to the irs.


2024 Gift Tax Annual Exclusion

The amount that may be gifted annually to individuals without tax consequence) has increased from $17,000 to $18,000 per recipient for 2024. Each individual can make cumulative annual gift tax exclusion gifts of $18,000 per donee during 2024 ($36,000 for a married couple electing to.

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