Annual Gift Tax Exclusion 2024 Amount Chart. The revenue act of 1924 first introduced the gift tax. The amount that may be gifted annually to individuals without tax consequence) has increased from $17,000 to $18,000 per recipient for.
The annual gift tax exclusion level will increase from $17,000 per person in 2023 to $18,000 per person in 2024, in tandem with the significant adjustments in the lifetime exemption. The annual exclusion for gifts increases to $18,000 for calendar year 2024, increased from $17,000 for calendar year 2023.
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