Annual Gifting Limits 2024. The faqs on this page provide details on how tax reform affects estate and gift tax. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).

Utilizing the annual gift tax exclusion when applying the annual gift tax exclusion, it is crucial to understand the limits of the exclusion amount and how it can. Learn how the annual gift exemption impacts your gifting strategy with insights from cotts law.