Gift 2024 Taxatieweb

Gift 2024 Taxatieweb. The annual gift tax exclusion is $18,000 for 2024 and will be $19,000 in 2025. A married couple filing jointly can double this amount and gift individuals.

From april 1, 2024, the capital gains tax exemption for gifts under corporate restructuring will apply only to gifts by individuals or hindu undivided families. In 2024, the irs expanded the lifetime gift and estate tax exemption to $13.61 million for individuals and $27.22 million for married couples.