Gift Tax Rules 2024. · you hand out less than £3,000 total in a tax year. The annual gift tax exclusion of $18,000 for 2024 is the amount of money that you can give as a gift to one person, in any given year,.
Since the passage of the tax cuts and jobs act (tcja), which became effective jan. Find some of the more common questions dealing with gift tax issues as well as some examples of how different types of gifts are treated.