Gift Tax Rules 2024. The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability. This means you can give up to $18,000 to as many people as you want in 2024 without any of it being subject to the federal.
Frequently asked questions on gift taxes. (that’s up $1,000 from last year’s limit since the gift tax is one of many tax amounts adjusted annually for inflation.
