2024 Gift Tax Exemption Amount

2024 Gift Tax Exemption Amount. This exemption is combined with the estate tax exemption to cover both the total value of gifts. The lifetime gift tax exemption in 2024 is set at $13.61 million per individual.


2024 Gift Tax Exemption Amount

One is the annual gift tax exclusion, also known as the gift tax limit, a set dollar amount adjusted yearly for inflation. The irs typically adjusts this.

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