Maximum Gift Amount 2024. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025). For 2024, the gift limit is $16,000 per recipient.
The irs has specific rules about the taxation of gifts. All you need to know about the gift tax in india.
