2024 Gift Amount Irs

2024 Gift Amount Irs. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. This amount is the maximum you can give a single person without.


2024 Gift Amount Irs

The irs has specific rules about the taxation of gifts. The irs has announced that this amount will increase to $19,000 for 2025 ($38,000 for a married couple electing to split gifts in 2025).

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