2024 Gift Tax Limit Married Jointly. Here's how the gift tax works, along with current rates and exemption amounts. The united states government imposes a gift tax on gifts of money and other property that exceed the annual gift tax limit of $18,000 in 2024.
You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up.