Irs Tax Free Gift Limit 2024. (that’s up $1,000 from last year’s limit since the gift tax is one of many tax amounts adjusted annually for inflation.) In 2024, the annual limit is $18,000 per recipient.
This means that you can give up to $18,000 to anyone without having to worry about paying any gift tax. The gift tax limit (also known as the gift tax exclusion) is $18,000 for 2024.
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