Annual Gift Tax Exclusion 2024 Joint. The annual exclusion from gift tax (i.e. There are no tax consequences as long as the total amount you gift any one person during a year adds.
The basic exclusion amount for determining the amount of the unified credit against estate tax under irc section 2010 will be $13,610,000 for decedents who die in. The irs has specific rules about the taxation of gifts.
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