Annual Gift Tax Exclusion 2024

Annual Gift Tax Exclusion 2024. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). The taxpayer contacts a tax advisor and ask how much gift exemption remains.


Annual Gift Tax Exclusion 2024

For 2024, the annual gift tax exclusion is $18,000, up from $17,000 in 2023. 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).

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