Irs Gift Tax Limits 2024. The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. For 2024, the annual amount that one may give to a spouse who is not a citizen increased to $185,000, up from $175,000 in 2023.
For 2024, the annual gift tax limit is $18,000. 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.
