Irs Annual Gift Tax Exclusion 2024. In 2024, the annual gift tax exclusion is set at $18,000 per recipient, allowing you to gift this amount without needing to report it to the irs. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient.
In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025). The amount that may be gifted annually to individuals without tax consequence) has increased from $17,000 to $18,000.
Irs Annual Gift Tax Exclusion 2024 Images References :