Maximum Amount Of Gift Tax Free 2024

Maximum Amount Of Gift Tax Free 2024. Includes amount received in cash, cheque, draft etc includes amount. For 2024, the annual gift tax exclusion is $18,000, up from $17,000 in 2023.


Maximum Amount Of Gift Tax Free 2024

In 2023, the annual gift tax limit was $17,000. For 2024, the annual gift tax exclusion is $18,000, meaning a person can give up to $18,000 to as.

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