Gift Tax 2024 Rate. 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 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023.

The annual gift tax limit is $18,000 per person in 2024. The 2024 general fund rate of 10.28 cents per $100 property tax valuation is just over a tenth of a penny lower than the 2023 rate of 10.41 cents.