What Is Max Gift Amount Tax Free 2024

What Is Max Gift Amount Tax Free 2024. As a result, you may want to contribute. The historical gift tax exclusion amount is $18,000 for 2024, up from $17,000 in 2023, and up from $16,000 in 2022.


What Is Max Gift Amount Tax Free 2024

(that’s up $1,000 from last year’s limit since the gift tax is one of many tax amounts adjusted annually for inflation. There’s no limit on the number of individual gifts.

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