Irs Gift Tax Limits 2024. 2024 lifetime gift tax exemption limit. Instead, the amount of the gift over $18,000 may simply reduce the $13.61 million combined lifetime gift and federal estate tax exclusions.


Irs Gift Tax Limits 2024

Starting from calendar year 2024, the annual exclusion for gifts will increase to $18,000, up from $17,000 in 2023. 20, 2018, the irs clarified that individuals taking advantage of the increased gift tax exclusion amount in effect from 2018 to 2025 will not be adversely impacted after.

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