Gift Tax Rates 2024 Irs. — for 2023, the gift tax exemption is $17,000, an increase from $16,000 in 2022. For 2024, the annual gift tax limit is $18,000.
Frequently asked questions on gift taxes. — most taxpayers won’t ever pay gift tax because the irs allows you to gift up to $13.61 million (as of 2024) over your lifetime without having to pay gift tax.