2024

2024 Gift Tax Exemption Amount

2024 Gift Tax Exemption Amount. The irs has specific rules about the taxation of gifts. Any gifts that exceed the annual exclusion amount count toward the lifetime exemption.


2024 Gift Tax Exemption Amount

On january 1, 2024, the gift tax exemption amount will increase to $18,000, up from $17,000 in 2023. Furthermore, the annual amount that one person may give to a spouse who.

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