2024 Gift Tax Limit Over 50 . In 2023, the gift tax limit was $17,000 per individual. You can use the gift tax exclusion to give away a set amount every year, $18,000 in 2024 ($17,000 in 2023;
This allows individuals to gift up to $18,000 to multiple recipients each year without incurring gift tax. For 2024, the annual gift tax limit is $18,000.
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