How Much Can You Gift Tax Free 2024 . Find out the annual and lifetime exemption limits, tax rates, and examples of gift tax calculations. For 2024, you can give up to $18,000 to each recipient without triggering the gift tax, which is known as the annual gift tax exemption.
Learn how the gift tax works, how much you can give away without paying taxes, and how to file a gift tax return if needed. If your gift exceeds the annual exemption, it may be considered a taxable gift, and you might need to file a gift tax return.
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