Gift Tax Amount For 2024. As announced by the irs, the key 2024 federal transfer tax exemption amounts per taxpayer are as follows: Investing money and / or income arrived.

According to 2017’s amended law, any gift received by an individual or individuals is now taxed at the hand of the receiver as ‘income from other sources. If you have three children and seven grandchildren, you can gift up to $180,000 in 2024 ($18,000 x 10) without triggering any gift tax liability.