2024 Gift Tax Exemption Calculator. The annual exclusion for gifts is set to rise to $18,000 per person for the 2024 calendar year, marking an increase from $17,000 in the previous year. 1 for 2024, the limit has been adjusted for inflation and will rise to $18,000.

The gift tax limit (also known as the gift tax exclusion) is $18,000 for 2024. How to calculate gift tax: