Gift Tax 2024 Irs
Gift Tax 2024 Irs. The 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year. How to use the gift tax calculator:
In addition, gifts from certain relatives such as parents, spouse and siblings are also exempt from. The gift tax exemption for 2024 is $18,000 per gift recipient.