2024 Gifting Limit

2024 Gifting Limit. In 2024, you can gift up to $18,000 per recipient without worrying about federal gift taxes, while the lifetime limit has increased to $13.61 million. As of january 2022, the annual gift tax exclusion was set at $15,000 per recipient.


2024 Gifting Limit

There is an annual limit on how much money a parent is allowed to give their child as a gift in one year without paying taxes. The annual gift tax exclusion is $18,000 for 2024 and will be $19,000 in 2025.

2024 Gifting Limit Images References :