Gift Tax 2024 Exclusion 2024

Gift Tax 2024 Exclusion 2024. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from. The 2024 gift tax limit is $18,000, up from $17,000 in 2023.


Gift Tax 2024 Exclusion 2024

This means that you can give up to $18,000 to anyone without having to worry about paying. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.

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