2024 Gift Tax Exclusion

2024 Gift Tax Exclusion. Here's how the gift tax works, along with current rates and exemption amounts. For example, if you don’t make an annual exclusion gift to your granddaughter this year, you can’t add the $18,000 unused.

In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025). Furthermore, the annual amount that.