Gift Tax Exclusion 2024 . Annual gift tax exclusion increase: Additional updates to gifting and 529 planning amounts.
This means that you can give up to $18,000 to anyone without having to worry about paying any gift tax. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.
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Gift Tax Limit 2024 Exemptions, Gift Tax Rates & Limits Explained , The annual gift exclusion, the amount you can gift to anyone without needing to file a gift tax return, will be $19,000 in.
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