2024 Gift Tax Limit Over 65

2024 Gift Tax Limit Over 65. The gift tax rate ranges from 18% to 40%, depending on the amount of the gift and your tax bracket. As a giver, you can give up to.

This allows individuals to gift up to $18,000 to multiple recipients each year without incurring gift tax. A super senior citizen is an individual resident who is 80 years or above, at any time during the previous year.