Gift Rules For 2024. — september 9, 2024 12:00 am. A gift of any form of cash, cheque or property is taxable if it exceeds.
— determining whether the automatic allocation rules apply to a transfer is not a straightforward exercise. — 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.