Gift Tax 2024

Gift Tax 2024. The 2024 gift tax limit is $18,000, up from $17,000 in 2023. This article provides an overview and general guidance, not exhaustive for brevity.


Gift Tax 2024

The gift tax exemption, a cornerstone tool of estate planning, is set to be cut approximately in half at the end of 2025. A gift tax is a tax imposed on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.

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