The annual gift tax exclusion is a tax rule that allows you to give a certain amount of money each year to another person without having to pay any gift tax. As of 2023, the annual gift tax exclusion is $17,000 per recipient. This means you can give up to $17,000 to as many people as you want each year without incurring any gift tax. Married couples can give up to $34,000 per recipient by splitting the gift.