What Is The 2024 Gift Tax Exclusion Amount

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What Is The 2024 Gift Tax Exclusion Amount

What Is The 2024 Gift Tax Exclusion Amount. A married couple filing jointly can double this. Raising the estate and gift tax rates to 55% on taxable transfers of up to $13 million, 60% on taxable transfers between $13 million and $93 million, and 65% on.


What Is The 2024 Gift Tax Exclusion Amount

What do the 2024 tax exemption amounts mean for estate planning? The annual gift tax exclusion amount has increased from $17,000 per person in 2023 to $18,000 per person in 2024 (or $36,000 for married couples choosing to individually.

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