Lifetime Gift Tax Exclusion 2024 Form
Lifetime Gift Tax Exclusion 2024 Form. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient. Income tax budget 2024 highlights:
The annual gift tax exclusion limit is typically adjusted annually to account for inflation. The irs announced the 2024 tax rates, which went into effect on january 1.
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