Irs Gift Tax Limits 2024. The 2024 gift tax limit is $18,000, up from $17,000 in 2023. Annual gift tax exclusion explained.

Starting from calendar year 2024, the annual exclusion for gifts will increase to $18,000, up from $17,000 in 2023. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.