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Maximum Tax Free Gift 2024

Maximum Tax Free Gift 2024. Annual gift tax limit for 2024. Gifting is one of the many ways to.


Maximum Tax Free Gift 2024

The income tax act states that gifts whose value exceeds rs.50,000 are subject to gift tax in the hands of the recipient. The 2024 gift tax limit is $18,000, up from $17,000 last year.

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