Gift Tax 2024 Exclusion List. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. Annual gift tax exclusion increase:

For 2024, the lifetime gift tax exemption is $13.61 million, up from $12.92 million in 2023. Each year, the irs sets the annual gift tax exclusion, which allows a taxpayer to give a certain amount (in 2024, $18,000) per.