Gift Tax 2024 Irs. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. The irs recently announced that the annual gift tax exclusion for tax year 2024 will increase to $18,000 for individuals and $36,000 for married couples filing jointly.
You can use this gift tax calculator to determine the amount of tax you owe over a given taxation period. The united states government imposes a gift tax on gifts of money and other property that exceed the annual gift tax limit of $18,000 in 2024.
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