Maximum Tax Free Gift 2024 For Children. Spouses can elect to “split”. How much money can you gift?


Maximum Tax Free Gift 2024 For Children

This allows individuals to gift up to $18,000 to multiple recipients each year without incurring gift tax. The united states government imposes a gift tax on gifts of money and other property that exceed the annual gift tax limit of $18,000 in 2024.

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