Annual Gift Tax Exclusion Limit 2024

Annual Gift Tax Exclusion Limit 2024. Married couples can each gift $18,000 to the same person, totaling $36,000,. As of 2024, the annual gift tax exclusion limit is $18,000 per recipient.


Annual Gift Tax Exclusion Limit 2024

If you exceed the annual gift tax limit (also known as the annual gift tax exclusion), you must file a gift tax return with the irs to report it. The 2024 gift tax limit is $18,000, up from $17,000 in 2023.

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