Irs Gifting Limit 2024

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Irs Gifting Limit 2024. Learn what counts as a gift, who pays the tax, and how to avoid it. The gift tax limit for 2024 is $18,000 per person per year.


Irs Gifting Limit 2024

Learn how tax reform affects estate and gift taxes, including the unified rate schedule, the basic exclusion amount, and the special rule for gifts made between 2018 and 2025. The irs sets limits to how much people can gift annually and during their lifetime.

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