Gift Tax 2024 Irs. The tax applies whether or not the donor intends the transfer to be a gift. (that’s up $1,000 from last year’s limit since the gift tax is one of many tax amounts adjusted annually for inflation.) for married couples, the.

A gift tax is a federal tax imposed by the internal revenue service (irs) on individual taxpayers who transfer property to someone else without receiving anything of. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.