2024 Gift Limit Exclusion Meaning. For the year 2024, the irs sets specific limits on the amount that can be given to any number of individuals without incurring a gift tax or even needing to file a gift tax return. This means that you can give anyone up to this amount.
Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023. There’s no limit on the number of individual gifts that can be made, and couples can give.
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