Gift Limit 2023
The annual gift tax exclusion of $17,000 for 2023 is the amount of. 1 the annual gift tax exclusion was first indexed. Web the gift tax exclusion increases every year or so. Web the gift tax limit is $16,000 in 2022 and $17,000 in 2023.
Web these new limits, described below, take effect january 1, 2023. The gift giver is the one who generally pays the tax, not the. However, you cannot give small gifts to the same people or. ✓ exemptions ✓ act ✓ transfers ✓ faqs.
