Lifetime Gift Tax Exclusion 2024 Canada. โ learn how estate and gift taxes work and how much money you can exclude from them in 2024 and 2025. This exclusion amount, adjusted for inflation, is now $13.61 million and is expected to be.
If you receive an audit letter from the irs or state department of revenue based on your 2023 turbotax individual tax return, we. โ the federal lifetime gift and estate tax exemption amount will increase to $13.61 million per person and $27.22 million per married couple next year.
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