2024 Gift Limit Exclusions

2024 Gift Limit Exclusions. Gift tax exemption for 2024. In general, the gift tax and estate tax provisions apply a unified rate schedule to a person’s cumulative taxable gifts and taxable estate to arrive at a net tentative tax.

1 for 2024, the limit has been adjusted for inflation and will rise to $18,000. Gift tax exemption for 2024.