Irs Tax Free Gift Limit 2024

Irs Tax Free Gift Limit 2024. In general, the gift tax and estate tax provisions apply a unified rate schedule to a person’s cumulative taxable gifts and taxable estate to arrive at a net tentative tax. In 2024, you can give gifts of up to $18,000 to as many people as you want without any tax or reporting requirements.


Irs Tax Free Gift Limit 2024

This means that you can give up to $18,000 to anyone without having to worry about paying any gift tax. For 2024, the annual gift tax limit is $18,000.

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