2024

Gift 2024 Irs

Gift 2024 Irs. A gift tax return, represented by irs form 709, is used to report gifts that exceed the annual gift tax exclusion amount, which is $18,000 as of 2024. For 2024, the exclusion amount is $18,000 per recipient.


Gift 2024 Irs

You can use the gift tax exclusion to give away a set amount every year, $18,000 in 2024 ($17,000 in 2023; The us internal revenue service (irs) has announced that the annual gift tax exclusion is increasing in 2025 due to inflation.

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