Gift Limit 2024 Per Person
Gift Limit 2024 Per Person. Married couples can each gift $18,000 to the same person, totaling. Explore the increased irs gift and estate limits for 2024.
The annual gift tax exclusion level will increase from $17,000 per person in 2023 to $18,000 per person in 2024, in tandem with the significant adjustments in the. Instead, a gift is taxed only after you exceed your lifetime estate and gift exemption, which in 2024 is $13.61 million for individuals and $27.22 million for married couples.