Irs Gift Tax Rules 2024

Irs Gift Tax Rules 2024. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). In 2024, you can give gifts of up to $18,000 to as many people as you want without any tax or reporting requirements.


Irs Gift Tax Rules 2024

The faqs on this page provide details on how tax reform affects estate and gift tax. The irs has specific rules about the taxation of gifts.

Irs Gift Tax Rules 2024 Images References :