2024 Gift Tax Rate. The bad news is that you’ll need to file a gift tax return in 2025, but the good news is that you. What it is, how it works and who has to pay it written by sean jackson , • sean jackson, edited by andrea coombes, cfp.

In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. The bad news is that you’ll need to file a gift tax return in 2025, but the good news is that you.