Maximum Tax Free Gift 2024

Maximum Tax Free Gift 2024. The 2024 gift tax limit is $18,000, up from $17,000 in 2023. Updated per latest union budget 2024.


Maximum Tax Free Gift 2024

For 2024, the annual gift tax exclusion is $18,000, up from $17,000 in 2023. This means that you can give up to $13.61 million in gifts throughout your life without ever having to pay gift tax on it.

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