2024 Gift Tax Exemption

2024 Gift Tax Exemption

2024 Gift Tax Exemption. This means that you can give up to $18,000 to anyone without having to worry about paying any gift tax. This change is part of the tax cuts and jobs act (tcja) of 2017, which nearly doubled the lifetime estate and gift tax exemption from its previous levels.


2024 Gift Tax Exemption

The lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax. This change is part of the tax cuts and jobs act (tcja) of 2017, which nearly doubled the lifetime estate and gift tax exemption from its previous levels.

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