Gift Tax 2024 Exclusion. But even if you exceed that amount, there are some. For 2024, the internal revenue service (irs) has set the annual exclusion for gift taxes at $18,000 per gifter, meaning you can give up to $18,000 to as many people.
The federal gift tax annual exclusion applies to gifts made to each individual donee on an annual basis. Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax returns.