2024 Gift Tax Exclusion Amount Calculator. Learn how the gift tax works, how much you can give away without paying taxes, and how to file a gift tax return if needed. Learn how tax reform affects estate and gift taxes, including the unified rate schedule, the basic exclusion amount, and the special rule for gifts made between 2018 and 2025.
The historical gift tax exclusion amount is $18,000 for 2024, up from $17,000 in 2023, and up from $16,000 in 2022. Enter the amount from schedule a, part 4, line 11: