2024 Gift Tax Exclusion Amount Limit. Works by allowing you to give a specified amount to individuals each year without incurring a gift tax liability. A key exemption is the annual gift tax exclusion.

The historical gift tax exclusion amount is $18,000 for 2024, up from $17,000 in 2023, and up from $16,000 in 2022. In 2024, you can give up to $18,000 per recipient without having to pay gift tax.