2024 Gift Tax Exemption Limit

2024 Gift Tax Exemption Limit

2024 Gift Tax Exemption Limit. Here's how the gift tax works, along with current rates and exemption amounts. 1 for 2024, the limit has been adjusted for inflation and will rise to $18,000.


2024 Gift Tax Exemption Limit

In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. Unlike the federal exemption, there is no provision for.

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