Gift Money Limit 2024 . 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). The irs sets limits to how much people can gift annually and during their lifetime.
Instead, a gift is taxed only after you exceed your lifetime estate and gift exemption, which in 2024 is $13.61 million for individuals and $27.22 million for married. For 2024, the annual gift tax limit is $18,000.
Gift Money Limit 2024 Images References :
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