Irs Annual Gift Limit 2024. โ at its general core, the federal gift tax annual exclusion allows taxpayers to transfer relatively significant sums to their children or other beneficiaries each year without incurring gift. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient.
For 2024, the annual gift tax limit is $18,000. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.