What Is The Gift Tax Rate 2024. This means you can give up to $18,000 to as many people as you want in 2024 without any of it being subject to the federal gift tax. Spouses can elect to “split” gifts, which doubles the annual amount a married couple can give away in any year.
Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax returns. There’s no limit on the number of individual gifts that can be made, and couples can give double that amount if they elect to split gifts.
