2024 Gift Tax Exclusion

2024 Gift Tax Exclusion. Annual gift tax exclusion (irc section 2503): You need not be concerned about taxes on.


2024 Gift Tax Exclusion

The exclusion will be $18,000 per recipient for 2024—the highest exclusion amount ever. The us internal revenue service has announced that the annual gift tax exclusion is increasing in 2024 due to inflation.

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