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2025 Annual Gift Tax Exclusion Amount

2025 Annual Gift Tax Exclusion Amount. This happened because the government presented the union budget 2024 in july due to general elections. The annual gift tax exclusion will rise to $19,000 per recipient, up $1,000.


2025 Annual Gift Tax Exclusion Amount

In 2024, if a single parent has one child and they gift that child. The exclusion covers gifts an individual makes to each donee per year.

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