2024 Gift Tax Limitation

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2024 Gift Tax Limitation. For married couples, the exemption doubles, allowing them to gift up to $36,000 to each. The gift tax is intended to discourage large gifts that could potentially be used.


2024 Gift Tax Limitation

In november 2023, the irs announced the revised federal estate tax and gift tax limits for 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.

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