2024 Gift Tax Exclusion Lifetime Limit . The current lifetime gift tax exemption is $13.61 million. This limit is called the lifetime, or combined, gift and estate tax exemption.
The irs has specific rules about the taxation of gifts. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.
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Irs Annual Gift Tax Exclusion 2024 Maris Shandee , This limit is called the lifetime, or combined, gift and estate tax exemption.
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