how much is the gift tax 
in 2023 gifts worth less than 17 000 are not subject to income tax this value increases to 18 000 in 2024 4the bottom linealmost all forms of income are taxable including wages salaries tips and other types of income from an employer or as a freelancer but certain forms of income aren t taxable exempt income includes things like distributions from some retirement accounts gifts under a certain amount certain benefits and private insurance plans 