How Much Can You Gift Tax Free 2024. Here's how the gift tax works, along with current rates and exemption amounts. The 2024 gift tax limit is $18,000, up from $17,000 in 2023.
The 2024 gift tax limit is $18,000, up from $17,000 in 2023. You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion.