2024 Gifting Maximum. But even if you exceed that amount, there are some. 2024 gift tax exemption limit:
Remaining lifetime exemption limit after gift: In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.
But Even If You Exceed That Amount, There Are Some.
Married couples can each gift $18,000 to the same person, totaling $36,000, up.
Once You’ve Given Away More.
Spouses can elect to “split”.
This Is Up From $17,000 In 2023 And You Never Have To Pay Taxes On Gifts That Are Equal To Or Less Than.
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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).
But even if you exceed that amount, there are some.
Married Couples Can Each Gift $18,000 To The Same Person, Totaling $36,000, Up.
Known as the annual gift tax exclusion, the amount for 2024 is $18,000 per individual or $36,000 per married couple.
The Annual Gift Tax Exclusion Of $18,000 For 2024 Is The Amount Of Money That You Can Give As A Gift To One Person, In Any Given Year, Without Having To Pay Any Gift Tax.
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