Irs Gift Tax Exclusion 2024. In general, the gift tax and estate tax provisions apply a unified rate schedule to a person’s cumulative taxable gifts and taxable estate to arrive at a net tentative tax. The gift tax exclusion is a u.s.
The 2024 annual exclusion amount will be $18,000 (up from $17,000 in 2023). The annual gift tax exclusion amount has been adjusted to $18,000 per recipient for 2024.