Lifetime Gift Tax Exclusion 2024
Lifetime Gift Tax Exclusion 2024. The lifetime gift tax limit for 2024 is $13.61 million, up from $12.91 million in 2023. This threshold doubled from $5 million to $10 million per. This increased exemption amount means that. In general, the gift tax and estate tax provisions apply a unified rate schedule to a personโs cumulative …