Gift Tax 2024. A gift tax is a tax imposed on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. What is the gift tax limit in 2024?


Gift Tax 2024

Then, the law provided that the estate tax exemption would drop from $5 million to $1 million. A gift tax is a tax imposed on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.

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