2024 Gift Tax Exclusion Limit

2024 Gift Tax Exclusion Limit. The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayer’s lifetime. The lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax.

The lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient.