Irs Annual Gift Limit 2024 And 2024

Irs Annual Gift Limit 2024 And 2024. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). How much money can you gift?


Irs Annual Gift Limit 2024 And 2024

 โ€” the 2024 gift tax limit is $18,000, up from $17,000 in 2023. This allows individuals to gift up to $18,000 to multiple recipients each year without incurring gift tax.

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