Current Lifetime Gift Tax Exemption 2024au

Current Lifetime Gift Tax Exemption 2024au. The lifetime gift tax exemption is tied to both the annual gift tax exclusion and the federal estate tax. Given the significant 2024 inflation adjustments with respect to the federal gift/estate and gst tax exemption amounts, the new year presents a prime estate.

This exclusion amount, adjusted for inflation, is now $13.61 million and is expected to be. There is a transfer of money or.