How Much Is The Gift Tax 2024. Know about gift tax, how are gifts taxed & when are gifts exempted from income tax in india For 2024, the annual gift tax exclusion is $18,000, meaning a person can give up to $18,000 to as.

A married couple filing jointly can double this amount and gift. The 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year.