Annual Gift Limit 2024. Keep in mind that the annual gift tax exclusion 2024 is separate from the lifetime gift tax exemption, which you can use to make gifts exceeding the annual limit. The annual gift tax exclusion of $18,000 for 2024 is the amount of money that you can give as a gift to one person, in any given year, without having to pay any gift tax.
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). This means that you can give up to $18,000 to anyone without having to worry about paying any gift tax.