2024 Gift Amount Allowed

2024 Gift Amount Allowed. · the gifts are small (less than £250 per person). In 2024, you can make annual gifts to any one person up to a maximum of $18,000 per year ($19,000 in 2025).

Any amount beyond that will involve using part of your lifetime federal gift tax exclusion, which is $13.61 million per. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient.