Us Gift Tax Exemption 2024
Us Gift Tax Exemption 2024. The lifetime exemption is the value of gifts you can give to others during your lifetime before you are subjected to gift taxation. Married couples will be able to gift up to $36,000 per year per recipient without causing a reduction of their combined federal estate and gift tax exclusion of $27.22 million.
The gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023. The gift tax is intended to discourage large gifts that could.
