Annual Gift Tax Exclusion 2024 Per Person In India . There's no limit on the number of individual gifts that can. The gift tax annual exclusion will increase in 2024 by $1,000 to $18,000.
What is the gift tax exclusion for 2024? In 2021, the exclusion limit is $15,000 per recipient, and it rises to $16,000 in 2022.
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Annual Gift Tax Limit 2024 Aleda Aundrea , 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).