Maximum Gifting Amount 2024. In 2024, you can give gifts of up to $18,000 to as many people as you want without any tax or reporting requirements. The annual gift tax limit is $18,000 per person in 2024.
This means that you can give up to $13.61 million in gifts throughout. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient.
2024 Gift Tax Exemption Limit:
If you give a gift in excess of the annual.
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).
In 2024, you can give gifts of up to $18,000 to as many people as you want without any tax or reporting requirements.
This Increase Means That A Married Couple Can Shield A Total Of $27.22 Million Without Having To Pay Any Federal Estate Or Gift Tax.
Images References :
For A Married Couple, The Exclusion.
Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).
The Annual Gift Tax Limit Is $18,000 Per Person In 2024.
Annual gift tax limit for 2024.