Annual Gift Tax Exclusion 2024

Annual Gift Tax Exclusion 2024. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). The annual gift tax exclusion allows you to gift a person a maximum per year without having to report those funds to the irs.


Annual Gift Tax Exclusion 2024

Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). This is the amount one can gift to a recipient during the year without filing a gift tax return and,.

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