Gift Tax 2024 Limit 2024

Gift Tax 2024 Limit 2024. The faqs on this page provide details on how tax reform affects estate and gift tax. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).


Gift Tax 2024 Limit 2024

For 2024, you can give up to $18,000 to each recipient without triggering the gift tax, which is known as the annual gift tax exemption. But even if you exceed that amount, there are some.

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