Gift Tax Exclusion 2024

Gift Tax Exclusion 2024. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025). The 2024 gift tax limit is $18,000, up from $17,000 in 2023.


Gift Tax Exclusion 2024

 โ€” are you considering giving cash or property to loved ones or others in 2024?  โ€” effective january 1, 2024, the lifetime exemption from the federal gift tax and estate tax will see a substantial increase.

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