what is the annual gift exclusion for 2023 and 2024 
the annual exclusion for gifts is 17 000 for 2023 and 18 000 for 2024 that means you can give up to 17 000 or 18 000 tax free to as many people as you wish without using any of your lifetime gift and estate tax exemption 7the bottom linetax relief constitutes government programs or policies that help lessen the burden of taxes for individuals these are usually done through tax deductions credits and exclusions when filing your taxes make sure you take advantage of all of these options so that you don t end up paying more taxes than you need to when in doubt consult with a tax professional or financial advisor 