Gifting Limits Per Person 2024

Gifting Limits Per Person 2024. Senior citizens have different financial needs and tax planning is a significant factor in financial planning for senior citizens. With this in mind, senior.


Gifting Limits Per Person 2024

This means you can give up to $18,000 to as many people as you want in 2024 without any of it being subject to the federal. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023).

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