2024 Gift Limits Irs. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). The individual and his or her spouse wish to split all gifts made by each other during the calendar year.
An gift that surpasses the yearly. The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.
