Gift Limit 2024. The united states government imposes a gift tax on gifts of money and other property that exceed the annual gift tax limit of $18,000 in 2024. The gift tax exemption for 2024 is $18,000 per gift recipient.


Gift Limit 2024

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Starting On January 1, 2024, The Annual Exclusion On Gifts Will Be $18,000 Per Recipient (Up From $17,000 In 2023).

For 2024, the annual gift tax limit is $18,000.

There's No Limit On The Number Of Individual Gifts.

As per irs gift tax rules, for the year 2024, the annual gift tax exclusion limit remains at $15,000 per individual recipient.

Gift Limit 2024 Images References :

Who You Give The Gift To And Their Relationship To You.

There's no limit on the number of individual gifts.

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Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.