2024 Gift Tax Exclusion Per Person Per Year. This is the maximum amount you can gift to an individual without filing a gift. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).

In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. The irs has specific rules about the taxation of gifts.