2024 Gift Amount Tax Free

2024 Gift Amount Tax Free. Most of the remainder is funding various u.s. The federal estate tax exemption amount went up again for 2024.


2024 Gift Amount Tax Free

For 2024, the irs has increased the annual gift tax exclusion for individuals from $17,000 to $18,000. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.

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