2024 Gift Tax Exclusion Amount Limit. Find out what gifts are taxable, how to calculate taxable value, and how to save tax by gifting. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).
The gift tax exclusion allows individuals to give gifts up to a certain amount each year without triggering the gift tax. The gift tax exemption for 2024 is $18,000 per gift recipient.
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