Irs Gift Tax Exclusion 2024. The 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year. Starting from calendar year 2024, the annual exclusion for gifts will increase to $18,000, up from $17,000 in 2023.

Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from. For 2024, the lifetime gift tax exemption is $13.61 million, up from $12.92 million in 2023.