Gifting Money To Children 2024

Gifting Money To Children 2024. However, when the financial value of the gift is substantial, it attracts tax liabilities. Are you considering giving cash or property to loved ones or others in 2024?.

The gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023. Are you considering giving cash or property to loved ones or others in 2024?.