2024 Gift Tax Exemption. However, this opportunity could go. 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.
Inflation adjustments for 2024 offer fairly substantial increases to gift and estate tax exemption amounts, along with increases to annual exclusion gifts, which individuals and. The lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax.