Maximum Amount Of Gift Tax Free 2024. The annual gift tax exclusion for 2024 is the maximum amount of money or property that you can give to another person without having to pay federal gift tax. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).
The 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year. Know about gift tax, how are gifts taxed & when are gifts exempted from income tax in india
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