Reeta Celestia 2024 Maximum Amount Of Gift Tax Free 2024

Maximum Amount Of Gift Tax Free 2024

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Maximum Amount Of Gift Tax Free 2024. A gift is considered anything of financial value, whether cash, property, securities and more. The 2024 gift tax limit is $18,000.


Maximum Amount Of Gift Tax Free 2024

For 2024, the annual gift tax exclusion is $18,000, up from $17,000 in 2023. Instead, a gift is taxed only after you exceed your lifetime estate and gift exemption, which in 2024 is $13.61 million for individuals and $27.22 million for married couples.

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