Gift Tax 2024 Exemption

Lilia Patrica2024 Gift Tax 2024 Exemption
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Gift Tax 2024 Exemption. The combined gift and estate tax exemption will be $13.61 million per individual for lifetime. For the year 2024, the irs sets specific limits on the amount that can be given to any number of individuals without incurring a gift tax or even needing to file a gift tax return.


Gift Tax 2024 Exemption

The annual gift tax exclusion will be $18,000 per recipient for 2024. For 2024, the annual gift tax exclusion is $18,000, meaning a person can give up to $18,000 to as many people as he or she wants without having to pay any taxes on the gifts.

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