Estate Gift Tax Exemption 2024. There's no limit on the number of individual gifts that can be made, and. Your relative died intestate and you are.
For 2024, the annual gift tax exclusion is $18,000, meaning a person can give up to $18,000 to as many people as he or she wants without having to pay any taxes on the gifts. 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.