2024 Annual Gift Exclusion
2024 Annual Gift Exclusion. The annual exclusion for gift taxes is a key aspect of tax planning and estate management. The gift can be any type of property, including money.
Anyone can take advantage of the annual gift tax exclusion, whether. The annual gift tax exclusion level will increase from $17,000 per person in 2023 to $18,000 per person in 2024, in tandem with the significant adjustments in the lifetime.