2024 Annual Gift Exclusion . The federal gift and estate tax exemption amount for 2024 is $13.61 million, up from $12.92 million in 2023. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).
The combined gift and estate tax exemption will be $13.61 million per individual for lifetime. Spouses can elect to โsplitโ gifts, which doubles the annual.
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Annual Gift Tax Exclusion 2024 Per Person Jenda Lorette , In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).
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2024 IRS Annual Gift Exclusion , Complying with the annual gift tax limit can save you time and money when you are giving to family, friends and others.
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