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2024 Gift Tax Exclusion Limit

2024 Gift Tax Exclusion Limit. The gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023. The tax cuts and jobs act delivered a sizable increase in the tax exemption limit for estates and lifetime gifts โ€” up to $13.61 million per person in 2024.


2024 Gift Tax Exclusion Limit

This annual limit is a key factor in. A higher estate tax exclusion:

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