What Is the 2024 Gift Tax Exclusion? Annual Gift Tax Exclusion and Estate Tax Exemption for 2024
In 2024, the annual gift tax exclusion is $18,000 per recipient. You can give up to $18,000 to each person without paying gift tax. The exclusion for 2023 is $17,000. The IRS announced these increases on November 9, 2023. The gift and estate tax exemption will be $13,610,000 per individual in 2024, up from $12,920,000 … Read more