Annual Gift Tax Exclusion 2024 Joint. In order to qualify for gift splitting, couples must both agree to the gift and file joint tax returns. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.

In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).