What Is The Gift Tax Limit For 2024. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from.

Here’s how the gift tax works, along with current rates and exemption amounts. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.