Patty Faustine 2024 Gift 2025 Limit

Gift 2025 Limit

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Gift 2025 Limit. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. The annual gift tax exclusion is $18,000 for 2024 and will be $19,000 in 2025.


Gift 2025 Limit

However, if your gift exceeds $18,000 to any person during the year, you have to report it on a gift tax return (irs form 709). And the “gift planning” column assumes adam and barb use their.

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