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2024 Gift Tax Limit Irs

2024 Gift Tax Limit Irs. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.


2024 Gift Tax Limit Irs

The gift tax limit (also known as the gift tax exclusion) is $18,000 for 2024. The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.

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