Annual Gift Tax Exclusion 2024 India. — at its general core, the federal gift tax annual exclusion allows taxpayers to transfer relatively significant sums to their children or other beneficiaries each year. — 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).
Learn about rules and exemptions. There’s no limit on the number of individual gifts that can be made, and couples can give.
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