Annual Gifting Limit 2024 Olympics. Suppose that over the course of your life, you gift $5 million above and beyond your. The historical gift tax exclusion amount is $18,000 for 2024, up from $17,000 in 2023, and up from $16,000 in 2022.

In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025). Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).