Gift Tax 2024 Irs.  — in 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. The faqs on this page provide details on how tax reform affects estate and gift tax.

This exclusion applies to each recipient, so you can give multiple $18,000 gifts to different people without incurring the gift tax.  — most taxpayers won’t ever pay gift tax because the irs allows you to gift up to $13.61 million (as of 2024) over your lifetime without having to pay gift tax.