2024 Gift Tax Annual Exclusion. The annual gift exclusion amount would be reduced from the current $18,000 per recipient to $10,000 per recipient and the cumulative number of tax free annual gifts restricted to. The federal gift and estate tax exemption amount for 2024 is $13.61 million, up from $12.92 million in 2023.

A married couple filing jointly can double this amount and gift. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).