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What Is The Gift Tax Limit For 2024

What Is The Gift Tax Limit For 2024. For 2024, you can give up to $18,000 to each recipient without triggering the gift tax, which is known as the annual gift tax exemption. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).


What Is The Gift Tax Limit For 2024

Know about gift tax, how are gifts taxed & when are gifts exempted from income tax in india What is the 2024 gift tax limit?

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