Gift Tax Rules 2024.  — annual federal gift tax exclusion.  — for 2024, the annual gift tax exclusion is $18,000, meaning a person can give up to $18,000 to as many people as he or she wants without having to pay any taxes on the gifts.

 — the lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax.  — for 2024, the annual gift tax exclusion is $18,000, up from $17,000 in 2023.