2024 Gift Limit Exclusion

2024 Gift Limit Exclusion. The 2024 gift tax limit is $18,000, up from $17,000 in 2023. The irs has specific rules about the taxation of gifts.

Starting from calendar year 2024, the annual exclusion for gifts will increase to $18,000, up from $17,000 in 2023. Spouses can elect to “split” gifts,.