Lifetime Gift Tax Exclusion 2024 Form. For tax year 2024, you may give someone cash or property valued at up to $18,000 without needing to fill out form 709. In 2024, the exemption is $13.61 million.


Lifetime Gift Tax Exclusion 2024 Form

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. 2024 tax brackets irs chart carmen henrieta, the annual gift tax exclusion amount has been adjusted to $18,000 per recipient for 2024.

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