2024 Annual Gift Tax Exclusion Amount. The gift tax limit (also known as the gift tax exclusion) is $18,000 for 2024. The annual gift tax exclusion will rise to $19,000 per recipient, up $1,000 from the 2024 limit.
The annual gift tax exclusion will rise to $19,000 per recipient, up $1,000 from the 2024 limit. In 2024, if a single parent has one child and they gift that child.