Annual Gift Tax Exclusion Amount 2024. In 2024, the annual exclusion stands at $18,000. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).

Filing a return does not. You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion.

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Gift Tax Limit 2024 Exemptions, Gift Tax Rates & Limits Explained, The annual gift tax exclusion will be $18,000 per recipient for 2024.

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