What Is The Tax Free Gift Limit For 2024 Irs. 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. In 2024, the annual limit to avoid the gift tax is $18,000, an increase.

For 2024, this will be increased to $18,000. You can gift this amount to as many individuals as.