2024 Gift Limits Irs
2024 Gift Limits Irs. Annual gift tax exclusion increase: The 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year.
For 2024, this will be increased to $18,000. The garden state does not impose its own gift tax, but residents must still adhere to federal gift tax regulations.