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2024 Gift Tax Exclusion Lifetime

2024 Gift Tax Exclusion Lifetime. The lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax. Taxpayers typically only pay gift tax on the amounts that exceed the allotted lifetime exclusion, which is $13.61 million in 2024 and $13.99.


2024 Gift Tax Exclusion Lifetime

The lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax. The irs typically adjusts this gift tax.

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