Maximum Tax Free Gift 2024 For Children

Maximum Tax Free Gift 2024 For Children. This means that you can give up to $13.61 million in gifts throughout. A key exemption is the annual gift tax exclusion.


Maximum Tax Free Gift 2024 For Children

Any amount beyond that will involve using part of your lifetime federal gift tax exclusion, which is. For 2024, the annual gift tax limit is $18,000.

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