Maximum Gift Amount 2024 Nfl . 1 for 2024, the limit has been adjusted for inflation and will rise to $18,000. The gift tax is a federal levy on the transfer of money or property to another person when equal value is not received in return.
The internal revenue service (irs) dictates that any gift amount exceeding the annual exclusion limit must be reported and potentially taxed. How much money can you gift?
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