How Much Gift Money Is Tax Free 2025

How Much Gift Money Is Tax Free 2025. In other words, giving more. The annual gift tax exclusion is $18,000 for 2024 and will be $19,000 in 2025.


How Much Gift Money Is Tax Free 2025

Married couples can effectively double this amount to $38,000 per. You only pay the gift tax if you exceed the lifetime exclusion, and that only happens if you exceed the annual exclusion.

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