Irs Tax Free Gift Limit 2024. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. 20, 2018, the irs clarified that individuals taking advantage of the increased gift tax exclusion amount in effect from 2018 to 2025 will not be adversely impacted after.
The exclusion will be $18,000 per recipient for 2024โthe highest exclusion amount ever. For example, suppose you gifted $25,000 to a family member in 2024.