Gift Tax 2024 Limit . But even if you exceed that amount, there are some exceptions, including a lifetime gift tax exclusion, that could prevent you from owing any tax on gifts you make. In 2024, it is $18,000 per recipient, an increase from the 2023 limit of $17,000.
The 2024 gift tax limit is $18,000, up from $17,000 in 2023. The tax applies whether or not the donor intends the transfer to be a gift.
Gift Tax 2024 Limit Images References :
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Irs Gift Limits 2024 Kayle Eleanora , This means you can give up to $18,000 to as many people as you want in 2024 without any of it being subject to the federal gift tax.
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