Irs Gift Limits 2024 To Family

Irs Gift Limits 2024 To Family. However, you’ll only have taxable gifts if you’ve gifted more than $12.06 million above your annual exclusions. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient.

Here’s how the gift tax works, along with current rates and exemption amounts. There’s no limit on the number of individual.