Gift Tax 2024 Limit. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient. There’s no limit on how much money you can give or receive as a gift!
In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion.