Irs Tax Free Gift Limit 2024. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient. For 2024, you can give up to $18,000 to each recipient without triggering the gift tax, which is known as the annual gift tax exemption.

The 2024 gift tax limit is $18,000, up from $17,000 in 2023. You’ll merely be showing the irs that by making a gift of $218,000 in 2024, you used $200,000 of your $13.61 million estate tax exclusion amount.