Irs Annual Gift Limit 2024

Irs Annual Gift Limit 2024. Estate and gift tax faqs. In the foreign gift context, the penalties can be huge;


Irs Annual Gift Limit 2024

In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient.

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