Gift Tax Exclusion 2024

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Gift Tax Exclusion 2024. Annual gift tax exclusion increase: Additional updates to gifting and 529 planning amounts.


Gift Tax Exclusion 2024

This means that you can give up to $18,000 to anyone without having to worry about paying any gift tax. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.

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