Gift Money Limit 2024 Taxes. Simply put, these taxes only apply to large gifts made by a person while they are alive, or large. 1 for 2024, the limit has been adjusted for inflation and will rise to $18,000.


Gift Money Limit 2024 Taxes

For 2024, the annual gift tax exclusion is $18,000, meaning a person can give up to $18,000 to as many people as he or she wants without having to pay any taxes on the gifts. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient.

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