Maximum Tax Free Gift 2024 For Children

Maximum Tax Free Gift 2024 For Children. A key exemption is the annual gift tax exclusion. For 2024, the annual gift tax limit is $18,000.


Maximum Tax Free Gift 2024 For Children

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). For married couples, the limit is $18,000 each, for a total of $36,000.

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