Maximum Tax Free Gift 2024 For Children. Since a gift of that size is more than the. 1 for 2024, the limit has been adjusted for inflation and will rise to $18,000.

 — the 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year.  — in 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.