Annual Gift Tax Exclusion 2024

Annual Gift Tax Exclusion 2024. The annual exclusion for gift taxes is a key aspect of tax planning and estate management. 1 for 2024, the limit has been adjusted for inflation and will rise to $18,000.


Annual Gift Tax Exclusion 2024

The federal gift tax annual exclusion applies to gifts made to each individual donee on an annual basis. A married couple filing jointly can double this amount and gift individuals.

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