Estate Gift Tax Exemption 2024
Estate Gift Tax Exemption 2024. A higher exemption means more estates may be exempt from the federal tax this year, which can. The 2024 annual exclusion amount will be $18,000 (up from $17,000 in 2023).
If they make good use of a portability election, a married couple could. The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayerโs lifetime.