Gift Tax 2024 Exemption. The gift tax is a tax on the transfer of property by one individual to another while receiving. This means that you can give up to $18,000 to anyone without having to worry about paying.
Here we have provided a “cheat sheet” to keep in mind for 2024 federal estate, gift, and gst. This means you can give up to $18,000 to as many people as you want in 2024 without.