Gift Tax 2024 Exclusion From Income Tax. — in 2024, individuals can transfer $13,610,000 free of estate, gift and gst tax during their lives or at death; — for 2024, the federal annual gift tax exclusion has increased to $18,000 per recipient, up from $17,000 in 2023, without triggering the need to file a gift tax return.
Married couples can transfer $27,220,000 during their lives or at. For example, a man could give $18,000.
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