Gift Tax Exemption 2024

Gift Tax Exemption 2024. The us internal revenue service (irs) has announced that the annual gift tax exclusion is increasing in 2025 due to inflation. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).


Gift Tax Exemption 2024

The gift tax is intended to. A married couple filing jointly can double this amount and.

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