Gift Tax 2024 Limit. How much money can you gift? Tax on gifts in india falls under the purview of the income tax act as there is no specific gift tax in india after the gift tax act, 1958 was.


Gift Tax 2024 Limit

In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability.  โ€” the 2024 gift tax limit is $18,000, up from $17,000 in 2023.

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