Gift 2024 Tax. The unified estate and gift tax exclusion amount, $13,610,000 for gifts made and decedents dying. Choose your filing status from.
In the foreign gift context, from 2018 to 2021, taxpayers who reported $400,000 or less in income received an average penalty of over $235,000, she wrote. In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.