Annual Gifting Amount 2024

Annual Gifting Amount 2024. The annual gift tax exclusion in 2022 is $16,000. Starting from calendar year 2024, the annual exclusion for gifts will increase to $18,000, up from $17,000 in 2023.


Annual Gifting Amount 2024

As of january 2022, the annual gift tax exclusion was set at $15,000 per recipient. 1 for 2024, the limit has been adjusted for inflation and will rise to $18,000.

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