2024 Gift Exclusion Limit . Effective january 2024, the federal estate & gift tax exemption is slated to increase by $690,000, reaching $13,610,000 per person (compared to the 2023. In 2024, the lifetime gift and estate tax exemption amount, which is adjusted annually for inflation, is $13.61 million per individual, meaning a married couple can give.
A married couple filing jointly can double this. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).
2024 Gift Exclusion Limit Images References :
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