Darya Quintana

2024 Gift Tax Exclusion Table. The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayer’s lifetime. This means that you can give up to $18,000 to anyone without having to worry about paying any gift tax.

This means that you can give up to $16,000 to each person you want to gift to without having to pay any gift tax. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).