Tax Free Gift Limit 2024 . The gift tax imposes a tax on large gifts, preventing massive transfers of wealth without any tax implications. As a result, you may want to contribute more to your child's 529 plan or give them more money if your estate may surpass the estate tax threshold when you pass.
For married couples, the limit is $18,000 each, for a total of $36,000. Maximum amount of gift tax free 2024.
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