Lifetime Gift Tax Exclusion 2024
Lifetime Gift Tax Exclusion 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.) for married couples, the. The annual gift tax exclusion allows.
The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayer’s lifetime exemption amount. The lifetime gift tax limit for 2024 is $13.61 million, up from $12.91 million in 2023.