Gift Tax Rates 2024

Gift Tax Rates 2024. When calculating gift tax, you will need to know the gift value that exceeded the annual exclusion limit to determine the corresponding rate which ranges from 18% to 40%. The gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023.


Gift Tax Rates 2024

Provisions on taxation on gifts. Federal lifetime unified estate and gift tax exemption update.

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