Gift Tax 2024 Exclusion List

Gift Tax 2024 Exclusion List. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient. Here's how the gift tax works, along with current rates and exemption amounts.


Gift Tax 2024 Exclusion List

Thankfully, two factors — the annual gift tax exclusion and the lifetime exclusion — often help keep the irs out of most people’s hair. Starting from calendar year 2024, the annual exclusion for gifts will increase to $18,000, up from $17,000 in 2023.

Gift Tax 2024 Exclusion List Images References :