2024 Gift Tax Exclusion Amount 2024

2024 Gift Tax Exclusion Amount 2024. The exclusion will be $18,000 per person for 2024. The annual exclusion applies to gifts of $18,000 to each donee or recipient per calendar year.


2024 Gift Tax Exclusion Amount 2024

An annual exclusion in relation to the gift tax exemption is the amount of money a person can gift/transfer to another without making it a taxable event. The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayer’s lifetime.

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