2024 Gift Tax Limitless . The annual gift tax exclusion allows you to gift up to a certain amount per recipient each year without incurring federal gift tax. This amount is called the 2024 gift tax exclusion.
The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient. The united states government imposes a gift tax on gifts of money and other property that exceed the annual gift tax limit of $18,000 in 2024.
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