Irs Gift Tax Rules 2024

Irs Gift Tax Rules 2024. 1 for 2024, the limit has been adjusted for inflation and will rise to $18,000. Gifting is one of the many ways to express love and.


Irs Gift Tax Rules 2024

If you give people a lot of money, you might have to pay a federal gift tax. Starting from calendar year 2024, the annual exclusion for gifts will increase to $18,000, up from $17,000 in 2023.

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