Lifetime Gift Tax Exclusion 2024 In India . — starting january 1, 2024, the federal lifetime gift and estate tax exemption amount will increase to $13.61 million per person. — in 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.
— starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from $17,000 in 2023). As of 2024, the exemption is $13.61 million per person.
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