Gift Money Limit 2024

Gift Money Limit 2024. (that’s up $1,000 from last year’s limit since the gift tax is one of many tax amounts adjusted annually for inflation.) for married couples. Maximum limit of tax deduction.

For many people, gifting money while they’re living is a means of avoiding some inheritance tax, which is levied at 40% on the value of an estate over £325,000. Since then, it’s been rising in $1,000 annual.