Gift Tax 2024 Exemption 2024

Gift Tax 2024 Exemption 2024. What is the gift tax annual exclusion amount for 2024? The federal lifetime gift and estate tax exemption amount will increase to $13.61 million per person and $27.22 million per married couple next year.


Gift Tax 2024 Exemption 2024

Regarding annual gifts, the current (2023) federal annual gift tax exclusion is $17,000.00. The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayerโ€™s lifetime.

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