Gift Tax Rules 2024. This means you can give up to $18,000 to as many people as you want in 2024 without. On july 10, 2024, the rbi allowed indian residents, for the first time, to remit funds to gift city for all purposes permitted under rbi's liberalised remittance.

For 2024, the annual gift tax limit is $18,000. As it is under the current threshold, it is exempt from tax.