How Much Can You Gift Tax Free 2024 . Thus, from the taxation point of view, gifts can be classified as: How much money can i gift my children?
You can give up to $17,000 (tax year 2023) per person per year to as many people as you like without those gifts counting against your $12.92 million lifetime gift tax. In 2024, you can give gifts of up to $18,000 to as many people as you want without any tax or reporting requirements.
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