2024

Irs Tax Free Gift Limit 2024

Irs Tax Free Gift Limit 2024. Understanding the 2023 gift tax limit and changes for 2024. In 2024, individuals can give up to $18,000 to one or multiple people without being taxed.


Irs Tax Free Gift Limit 2024

Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023. You can give up to $18,000 to each person without having to worry about the gift taxโ€”that’s the annual gift tax exclusion 2024.

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