Annual Gift Tax Exclusion 2024 Joint Account. The annual gift tax exclusion for 2024 is the maximum amount of money or property that you can give to another person without having to pay federal gift tax. Starting from calendar year 2024, the annual exclusion for gifts will increase to $18,000, up from $17,000 in 2023.
Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023. The gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023.
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