Irs Gift Tax Exclusion 2024

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Irs Gift Tax Exclusion 2024. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient. For 2024, the annual gift tax exclusion is $18,000, up from $17,000 in 2023.


Irs Gift Tax Exclusion 2024

The gift tax annual exclusion is projected to increase to $19,000 for 2025, an increase of $1,000 from 2024. Gifts to certain exempt or charitable organizations;

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