2024 Gift Tax Exclusion Amount

2024 Gift Tax Exclusion Amount. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). Spouses can elect to “split” gifts,.


2024 Gift Tax Exclusion Amount

Spouses can elect to “split” gifts,. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.

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