Annual Gifting Limit 2024 Calendar. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient. The 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year.

You’ll have to file a form 709 each year you give a reportable gift, and each form should list all reportable gifts made during. The annual gift tax exclusion allows an individual to gift up to a certain value to an unlimited number of individuals each year with no federal gift or estate tax.