Irs Annual Gift Limit 2024 For Education

Irs Annual Gift Limit 2024 For Education. The 2024 gift tax limit is $18,000, up from $17,000 in 2023. In 2024, the annual gift tax exclusion amount is $18,000 per recipient.


Irs Annual Gift Limit 2024 For Education

Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023. The individual and his or her spouse wish to split all gifts made by each other during the.

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