Federal Gift Tax Exemption 2024

Federal Gift Tax Exemption 2024. This tax is equal to the federal gift and estate tax rate, which is 40% in 2024 and is in addition to any other federal gift or estate tax that may be owed. 40% gift and gst tax annual exclusion amount:


Federal Gift Tax Exemption 2024

The internal revenue service recently announced that the federal estate and gift tax exemption amounts will be $13.61 million. Regarding annual gifts, the current (2023) federal annual gift tax exclusion is.

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