2024 Gift Exclusion

2024 Gift Exclusion. 2 you’ll have to report any gifts you give above that amount to the. This represents the maximum amount an individual can gift.


2024 Gift Exclusion

This credit eliminates federal gift tax liability on the first taxable gifts made in one’s lifetime, up to the $13,610,000 exemption amount in 2024. The lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax.

2024 Gift Exclusion Images References :