Annual Gift Tax Exclusion 2024 Per Person Calculator

Annual Gift Tax Exclusion 2024 Per Person Calculator.  — to navigate federal gift tax, most people leverage exemptions.  — the annual gift tax exclusion allows you to gift a person a maximum per year without having to report those funds to the irs.

 — the annual gift tax exclusion level will increase from $17,000 per person in 2023 to $18,000 per person in 2024, in tandem with the significant adjustments in the lifetime exemption. For 2024, you can gift up to $18,000 to one person.